Number of Identified Exporters to Taiwan from South Dakota
SDTWNA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.00
Year-over-Year Change
-21.05%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Number of Identified Exporters to Taiwan from South Dakota' measures the count of businesses in South Dakota that export goods to Taiwan. This trend provides insight into the 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 tracks the number of companies based in South Dakota that are identified as exporting to Taiwan. It is an indicator of the trade relationship and commercial activity between the state and the East Asian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
Policymakers and trade analysts use this metric to evaluate the strength of South Dakota's export economy.
Key Facts
- South Dakota exported $252 million in goods to Taiwan in 2021.
- The number of identified exporters to Taiwan from South Dakota has grown by 12% since 2015.
- Taiwan is South Dakota's 4th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in South Dakota that are identified as exporting goods to Taiwan.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of trade ties between South Dakota and Taiwan, which is an important economic partner for the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of companies.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to evaluate the export performance and international market connections of the South Dakota economy.
Q: Are there update delays or limitations?
A: This data is published monthly with a 1-2 month lag, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Taiwan from South Dakota (SDTWNA475SCEN), retrieved from FRED.