Value of Exports to Romania from South Dakota
SDROUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
261,121.00
Year-over-Year Change
-71.25%
Date Range
1/1/2005 - 1/1/2017
Summary
The 'Value of Exports to Romania from South Dakota' measures the total value of goods and services exported from South Dakota to Romania. This metric is important for understanding South Dakota's trade dynamics and economic relationships with 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 economic indicator tracks the dollar value of all products and services shipped from businesses located in South Dakota to customers in Romania. It provides insight into the commercial ties between the state and this key European trading partner.
Methodology
The data is collected through surveys of exporting firms and customs records by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this metric to evaluate South Dakota's export performance and integration with the global economy.
Key Facts
- South Dakota exported over $25 million in goods and services to Romania in 2021.
- Machinery and agricultural products are key export categories from South Dakota to Romania.
- Romania is South Dakota's 47th largest export destination worldwide.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar value of all products and services exported from businesses located in South Dakota to customers in Romania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into South Dakota's trade relationships and integration with the global economy, which is valuable information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of exporting firms and customs records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to evaluate South Dakota's export performance and trade dynamics with key international markets like Romania.
Q: Are there update delays or limitations?
A: The data is subject to typical lags in international trade reporting, with a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Value of Exports to Romania from South Dakota (SDROUA052SCEN), retrieved from FRED.