Value of Exports to Taiwan from Rhode Island
RITWNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100,705,191.00
Year-over-Year Change
859.76%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Taiwan from Rhode Island' trend measures the total dollar value of goods exported from Rhode Island to Taiwan. This metric is important for economists and policymakers to understand trade dynamics and the economic relationship 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 data series tracks the monthly export values from Rhode Island to Taiwan, one of the state's major trading partners. It provides insight into the flow of goods and the strength of commercial ties between the two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau through its international trade reporting system.
Historical Context
Policymakers and business analysts use this metric to monitor the health of Rhode Island's export economy and its integration with global markets.
Key Facts
- Rhode Island exported over $300 million worth of goods to Taiwan in 2021.
- Taiwan is Rhode Island's 6th largest export destination.
- Machinery and electronics are major export categories from Rhode Island to Taiwan.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods exported from the state of Rhode Island to Taiwan on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Rhode Island and one of its key international markets, which is important for understanding the state's export economy and global economic integration.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its international trade reporting system.
Q: How is this trend used in economic policy?
A: Policymakers and business analysts use this metric to monitor the health of Rhode Island's export economy and its integration with global markets, which can inform trade policy and business strategy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Value of Exports to Taiwan from Rhode Island (RITWNA052SCEN), retrieved from FRED.