Value of Exports to Canada from Puerto Rico
PRCANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
593,602,812.00
Year-over-Year Change
-47.17%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Canada from Puerto Rico' trend measures the total value of goods exported from Puerto Rico to Canada. This metric is important for economists and policymakers to understand the trade relationship between Puerto Rico and its North American neighbor.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This data series tracks the dollar value of all merchandise exported from Puerto Rico to Canada. It provides insight into the scale and trends of Puerto Rico's exports to this key trading partner, which can inform economic and trade policy decisions.
Methodology
The data is collected through surveys of Puerto Rican exporters and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and market analysts use this data to assess the health of Puerto Rico's export economy and its integration with the broader North American trade network.
Key Facts
- Puerto Rico exported over $700 million in goods to Canada in 2021.
- Exports to Canada account for around 5% of Puerto Rico's total exports.
- The top exports from Puerto Rico to Canada are pharmaceuticals and medical equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of all merchandise exported from Puerto Rico to Canada in a given time period.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship between Puerto Rico and Canada, which is an important economic and policy consideration for both regions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Puerto Rican exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the health of Puerto Rico's export economy and its integration with the broader North American trade network.
Q: Are there update delays or limitations?
A: There may be a several month delay in the reporting of this data, and the figures can be subject to revisions over time.
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Citation
U.S. Federal Reserve, Value of Exports to Canada from Puerto Rico (PRCANA052SCEN), retrieved from FRED.