Value of Exports to Hong Kong from Rhode Island
RIHKGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,279,450.00
Year-over-Year Change
-12.52%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Hong Kong from Rhode Island tracks the total dollar value of goods and services exported from Rhode Island to Hong Kong. This indicator provides insights into trade and economic activity between the two regions.
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 series measures the value of exports, which includes physical goods as well as services, from the state of Rhode Island to the special administrative region of Hong Kong. It is an important metric for understanding the trade relationship and economic ties between these two locations.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Trends in exports can inform policymakers and businesses about the state of trade flows and commercial relationships.
Key Facts
- Rhode Island exported over $100 million in goods and services to Hong Kong in 2021.
- Exports to Hong Kong account for approximately 2% of total exports from Rhode Island.
- The value of exports from Rhode Island to Hong Kong has grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of Rhode Island to the special administrative region of Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: Tracking export values provides insights into the trade relationship and economic ties between Rhode Island and Hong Kong, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Trends in exports can inform policymakers and businesses about the state of trade flows and commercial relationships, which may influence decisions around trade agreements, tariffs, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so the most recent figures may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Value of Exports to Hong Kong from Rhode Island (RIHKGA052SCEN), retrieved from FRED.