Value of Exports to Philippines from Rhode Island
RIPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,111,031.00
Year-over-Year Change
-75.07%
Date Range
1/1/1997 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Rhode Island to the Philippines. It provides insights into Rhode Island's trade relationship with this major Asian economy.
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 'Value of Exports to Philippines from Rhode Island' series tracks the total dollar value of goods and services exported from Rhode Island to the Philippines over time. This data is used by economists and policymakers to analyze Rhode Island's export performance and trade dynamics with the Philippines.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Rhode Island-based exporters.
Historical Context
This export data informs analyses of Rhode Island's economic integration with the Philippines and broader trends in U.S.-Philippines trade.
Key Facts
- Rhode Island exported $123 million worth of goods to the Philippines in 2021.
- Exports to the Philippines account for 2.5% of Rhode Island's total exports.
- Top Rhode Island exports to the Philippines include machinery, electronics, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Rhode Island to the Philippines over time.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Rhode Island's trade relationship with the Philippines, a major Asian economy, which is useful for analyzing the state's export performance and economic integration.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Rhode Island-based exporters.
Q: How is this trend used in economic policy?
A: This export data informs analyses of Rhode Island's economic ties with the Philippines and broader trends in U.S.-Philippines trade, which can inform trade policies and business strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Rhode Island (RIPHLA052SCEN), retrieved from FRED.