Value of Exports to Romania from Rhode Island
RIROUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
245,737.00
Year-over-Year Change
-70.48%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Romania from Rhode Island' metric tracks the dollar value of goods and services exported from the U.S. state of Rhode Island to the country of Romania. This data point is relevant for understanding Rhode Island's trade dynamics and competitiveness in international markets.
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 series measures the total value of merchandise exported from Rhode Island to Romania over a given time period. The data is collected and reported by the U.S. Census Bureau, providing insight into the commercial activity and trade relationships between the two regions.
Methodology
The data is calculated based on direct reporting from companies and individuals engaged in exporting goods from Rhode Island to Romania.
Historical Context
Policymakers and economists use this metric to assess Rhode Island's export performance and economic integration with the Romanian market.
Key Facts
- Rhode Island's exports to Romania totaled $X.XX million in the most recent year.
- Romania ranks Xth among Rhode Island's top export destinations.
- Exports from Rhode Island to Romania have grown by X% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of goods and services exported from the U.S. state of Rhode Island to the country of Romania over a given time period.
Q: Why is this trend relevant for users or analysts?
A: The 'Value of Exports to Romania from Rhode Island' data provides insight into Rhode Island's trade dynamics and competitiveness in the Romanian market, which is relevant for policymakers and economists analyzing the state's economic performance and international integration.
Q: How is this data collected or calculated?
A: The data is calculated based on direct reporting from companies and individuals engaged in exporting goods from Rhode Island to Romania.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Rhode Island's export performance and economic integration with the Romanian market, which can inform trade policy, investment decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and methodological constraints of the U.S. Census Bureau, which may result in occasional update delays or revisions.
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Citation
U.S. Federal Reserve, Value of Exports to Romania from Rhode Island (RIROUA052SCEN), retrieved from FRED.