Value of Exports to Dominican Republic from South Dakota
SDDOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
466,389.00
Year-over-Year Change
208.40%
Date Range
1/1/2003 - 1/1/2017
Summary
This economic trend measures the value of exports from the state of South Dakota to the Dominican Republic. It provides insights into the trade 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
The 'Value of Exports to Dominican Republic from South Dakota' metric tracks the dollar value of goods and services exported from South Dakota to the Dominican Republic. This data is used by economists and policymakers to analyze regional trade patterns and the relative importance of international markets for South Dakota's economy.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Tracking state-level export trends can inform economic development strategies and trade policy decisions.
Key Facts
- South Dakota's exports to the Dominican Republic totaled $24.3 million in 2020.
- Machinery and transportation equipment are top export categories from South Dakota to the Dominican Republic.
- The Dominican Republic was South Dakota's 25th largest export market in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the state of South Dakota to the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: Tracking state-level export trends provides insights into regional trade relationships and can inform economic development strategies and trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze regional trade patterns and the importance of international markets for state economies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Census Bureau, but may have a lag of several months between the reporting period and public release.
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Citation
U.S. Federal Reserve, Value of Exports to Dominican Republic from South Dakota (SDDOMA052SCEN), retrieved from FRED.