Value of Exports to Ecuador from Texas
TXECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,003,316,472.00
Year-over-Year Change
221.07%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ecuador from Texas' measures the dollar value of goods and services shipped from Texas to Ecuador. This metric is important for economists and policymakers to track Texas' trade activity and commercial relationships with other countries.
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 represents the monetary value of all products and services exported from the state of Texas to the country of Ecuador. It is used to assess the strength of the commercial and economic ties between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export data informs analyses of Texas' trade balance, competitiveness, and integration with global markets.
Key Facts
- Texas is the largest exporting state in the U.S.
- Ecuador is Texas' 36th largest export destination.
- Exports to Ecuador account for less than 1% of total Texas exports.
FAQs
Q: What does this economic trend measure?
A: This metric measures the dollar value of goods and services exported from the state of Texas to the country of Ecuador.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for assessing the commercial and economic relationship between Texas and Ecuador, including the strength of trade ties and Texas' export performance.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: This export data informs analyses of Texas' trade balance, economic competitiveness, and integration with global markets, which can influence policy decisions.
Q: Are there update delays or limitations?
A: There may be a several month delay in the most recent data being available, and the data does not capture all informal or unreported trade activities.
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Citation
U.S. Federal Reserve, Value of Exports to Ecuador from Texas (TXECUA052SCEN), retrieved from FRED.