Value of Exports to Philippines from Tennessee
TNPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
213,051,742.00
Year-over-Year Change
145.23%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Tennessee' measures the dollar value of goods and services shipped from Tennessee to the Philippines. This metric is important for economists and policymakers to understand trade patterns and the state's economic relationships.
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 data series tracks the value of merchandise and services exported from Tennessee to the Philippines over time. It provides insights into the trade flows and commercial ties between the state and this major Asian trading partner.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
This export value trend is used to analyze Tennessee's trade position and integration with the global economy.
Key Facts
- Tennessee exported over $300 million in goods to the Philippines in 2021.
- The Philippines is Tennessee's 10th largest export market globally.
- Top Tennessee exports to the Philippines include chemicals, machinery, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total dollar value of merchandise and services exported from the state of Tennessee to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This export value metric provides insights into Tennessee's trade relationships and integration with the global economy, which is important for economic analysis and policymaking.
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 declarations.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this export value data to analyze Tennessee's trade position, monitor changes in trade flows, and inform decisions on economic development and international engagement.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in the most recent data being available, and the data does not capture certain types of exports like digital services.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Tennessee (TNPHLA052SCEN), retrieved from FRED.