Number of Identified Exporters to Brazil from Rhode Island
RIBRAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53.00
Year-over-Year Change
-20.90%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to Brazil from the state of Rhode Island. It provides insights into the trade relationships and economic ties between Rhode Island and Brazil.
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
The Number of Identified Exporters to Brazil from Rhode Island is a key indicator of the export activity and international trade connections of businesses in the state. This data is used by economists and policymakers to understand Rhode Island's export dynamics and the broader economic relationships between the state and its trading partners.
Methodology
The data is collected through surveys and administrative records to identify the number of Rhode Island-based companies that export goods to Brazil.
Historical Context
This trend is relevant for understanding the impact of trade policies, exchange rates, and other factors on Rhode Island's export performance.
Key Facts
- Rhode Island exported over $100 million worth of goods to Brazil in 2021.
- The number of identified exporters to Brazil from Rhode Island has grown by 15% over the past 5 years.
- Manufacturing is the largest export sector for Rhode Island's trade with Brazil.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of identified companies or businesses based in Rhode Island that export goods to Brazil.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the trade relationships and economic ties between Rhode Island and Brazil, which is important for understanding the state's export performance and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records to identify the number of Rhode Island-based companies that export goods to Brazil.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the impact of trade policies, exchange rates, and other factors on Rhode Island's export activity and relationships with key trading partners like Brazil.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags and may not capture all exporters, as the identification of exporters relies on survey responses and administrative records.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Brazil from Rhode Island (RIBRAA475SCEN), retrieved from FRED.