Value of Exports to Argentina from South Dakota
SDARGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,069,996.00
Year-over-Year Change
511.81%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Argentina from South Dakota' trend measures the total value of goods and services exported from South Dakota to Argentina. This metric is important for economists and policymakers to analyze trade relationships and monitor economic activity between 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 tracks the dollar value of all products and services shipped from South Dakota to Argentina, including agricultural goods, manufactured items, and other traded commodities. It provides insight into the commercial ties and trade flows between the two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau based on official customs and shipping records.
Historical Context
Tracking state-level exports is useful for assessing the impact of economic policies, trade agreements, and market conditions on regional trade patterns.
Key Facts
- South Dakota exported over $20 million in goods to Argentina in 2021.
- Argentina is South Dakota's 10th largest export destination globally.
- Soybeans and meat products make up the majority of South Dakota's exports to Argentina.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Argentina from South Dakota' measures the total dollar value of all goods and services exported from the state of South Dakota to Argentina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and commercial activity between South Dakota and Argentina, which is useful for economists, policymakers, and businesses to analyze regional economic trends and trade patterns.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on official customs and shipping records.
Q: How is this trend used in economic policy?
A: Tracking state-level exports is valuable for assessing the impact of economic policies, trade agreements, and market conditions on regional trade flows and commercial relationships.
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 trade environment. Additionally, the series only covers exports from South Dakota and does not include imports or total trade flows.
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Citation
U.S. Federal Reserve, Value of Exports to Argentina from South Dakota (SDARGA052SCEN), retrieved from FRED.