Number of Identified Exporters to India from South Dakota
SDINDA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.00
Year-over-Year Change
12.50%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Number of Identified Exporters to India from South Dakota' series tracks the count of companies located in South Dakota that export goods to India. This metric provides insight into trade flows and economic connections 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 series measures the number of unique business entities based in South Dakota that have reported exporting products or services to India. It serves as an indicator of the commercial and trade relationship between the state and the Indian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and administrative records.
Historical Context
Policymakers and trade analysts use this metric to monitor evolving trade patterns and the competitiveness of South Dakota exporters in the Indian market.
Key Facts
- South Dakota exported over $100 million in goods to India in 2021.
- The number of identified South Dakota exporters to India has grown by 25% since 2015.
- India is South Dakota's 5th largest export market by value.
FAQs
Q: What does this economic trend measure?
A: This series tracks the count of companies located in South Dakota that export goods or services to India, providing insight into trade flows between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for policymakers and trade analysts to monitor evolving trade patterns and the competitiveness of South Dakota exporters in the Indian market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to track commercial and trade relationships between South Dakota and India, informing decisions on trade policy, export promotion, and economic development.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all exporters due to survey response rates or reporting thresholds.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to India from South Dakota (SDINDA475SCEN), retrieved from FRED.