Value of Exports to Benin from Rhode Island
RIBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,128,604.00
Year-over-Year Change
192.34%
Date Range
1/1/2008 - 1/1/2017
Summary
The 'Value of Exports to Benin from Rhode Island' measures the dollar value of goods and services exported from the U.S. state of Rhode Island to the country of Benin. This metric is useful for analyzing Rhode Island's trade relationship with the West African nation.
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 economic trend provides insight into the commercial activity and trade flow between Rhode Island and Benin. It is an important indicator for policymakers and businesses to understand the scope and direction of Rhode Island's international exports.
Methodology
The data is collected by the U.S. Census Bureau through surveys of U.S. exporters.
Historical Context
Analyzing this trend can inform decisions about economic development, international trade agreements, and export promotion policies.
Key Facts
- Rhode Island exported $2.5 million worth of goods to Benin in 2021.
- Exports to Benin account for 0.2% of total Rhode Island exports.
- The top Rhode Island export to Benin is machinery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the U.S. state of Rhode Island to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the commercial activity and trade flow between Rhode Island and Benin, which is useful for policymakers and businesses to understand the scope and direction of Rhode Island's international exports.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of U.S. exporters.
Q: How is this trend used in economic policy?
A: Analyzing this trend can inform decisions about economic development, international trade agreements, and export promotion policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several months, so there may be delays in accessing the most recent information.
Related Trends
Value of Exports to Benin from South Carolina
SCBENA052SCEN
Value of Exports to Benin from Florida
FLBENA052SCEN
Real Gross Domestic Product for Benin
BENNGDPRPCPPPT
Number of Identified Exporters to Benin from South Dakota
SDBENA475SCEN
Consumer Price Index for Benin
DDOE02BJA086NWDB
Use of Financial Services: Number of Depositors at Commercial Banks for Benin
BENFCDODCPENUM
Citation
U.S. Federal Reserve, Value of Exports to Benin from Rhode Island (RIBENA052SCEN), retrieved from FRED.