Value of Exports to Philippines from South Dakota
SDPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,376,642.00
Year-over-Year Change
878.71%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Philippines from South Dakota' trend measures the total value of goods and services exported from South Dakota to the Philippines. This metric is important for economists and policymakers to assess trade flows and economic relationships between U.S. states and international markets.
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 that are produced in South Dakota and sold to customers in the Philippines. It provides insight into the trade dynamics and commercial activity between the state's economy and the Philippines.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and trade analysts use this metric to understand South Dakota's export performance and competitiveness in the Filipino market.
Key Facts
- South Dakota exported $52.4 million worth of goods to the Philippines in 2021.
- Machinery was the top export category from South Dakota to the Philippines in 2020.
- The Philippines was South Dakota's 24th largest export destination in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of all products and services exported from the state of South Dakota to the Philippines.
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's economy and the Philippines, which is important for understanding state-level export performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess South Dakota's export performance and competitiveness in the Filipino market, which can inform decisions around trade agreements, export promotion programs, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, so there may be a delay of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from South Dakota (SDPHLA052SCEN), retrieved from FRED.