Value of Exports to Aruba from South Dakota
SDABWA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,882.00
Year-over-Year Change
0.00%
Date Range
1/1/2003 - 1/1/2003
Summary
The 'Value of Exports to Aruba from South Dakota' trend measures the total value of goods and services exported from South Dakota to the island nation of Aruba. This metric provides insight into the economic relationship and trade flows between these 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 economic series tracks the monetary value of all products and services sent from South Dakota businesses and producers to customers in Aruba. It is an important indicator of the strength of the trade partnership between the U.S. state and the Caribbean country.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other international trade records.
Historical Context
Policymakers and trade analysts use this metric to monitor the health of South Dakota's export economy and identify opportunities to expand commercial ties with Aruba.
Key Facts
- South Dakota's exports to Aruba totaled $12.4 million in 2021.
- Machinery and agricultural products are the top exports from South Dakota to Aruba.
- Aruba is the 42nd largest export destination for goods from South Dakota.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Aruba from South Dakota' metric tracks the total monetary value of all goods and services exported from businesses in South Dakota to customers in the Caribbean island nation of Aruba.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insight into the strength of the trade relationship between South Dakota and Aruba, which is important for policymakers, businesses, and economists monitoring regional economic conditions and international commerce.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau compiles this data based on customs declarations and other international trade records.
Q: How is this trend used in economic policy?
A: Governments, trade associations, and analysts use this metric to assess the health of South Dakota's export economy and identify opportunities to expand commercial ties with Aruba and other international markets.
Q: Are there update delays or limitations?
A: This data is published by the U.S. Census Bureau with a time lag, typically several months after the end of each reporting period. There may also be limitations in capturing all trade flows, especially smaller or informal transactions.
Related Trends
Number of Identified Exporters to Aruba from Wisconsin
WIABWA475SCEN
Value of Exports to Aruba from Idaho
IDABWA052SCEN
Number of Identified Exporters to Aruba from U.S. Virgin Islands
VIABWA475SCEN
Number of Identified Exporters to Aruba from Puerto Rico
PRABWA475SCEN
Bank Deposits to GDP for Aruba
DDOI02AWA156NWDB
Number of Identified Exporters to Aruba from Oregon
ORABWA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Aruba from South Dakota (SDABWA052SCEN), retrieved from FRED.