Number of Identified Exporters to Philippines from Washington
WAPHLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
322.00
Year-over-Year Change
31.97%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Philippines from Washington measures the total count of businesses located in Washington that export goods to the Philippines. This trend provides insights into trade activity and 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 exporters from Washington state to the Philippines, offering a perspective on the scale and dynamics of bilateral trade. Economists and policymakers use this data to analyze trade patterns and the strength of economic ties between the two areas.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses engaged in exporting activities.
Historical Context
This metric is relevant for understanding market access, supply chain networks, and the broader commercial relationship between Washington and the Philippines.
Key Facts
- Washington exported $305 million worth of goods to the Philippines in 2021.
- The number of identified exporters from Washington to the Philippines has grown by 25% since 2015.
- Top export categories from Washington to the Philippines include machinery, agricultural products, and aircraft parts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of businesses located in Washington state that are identified as exporting goods to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the scale and dynamics of trade activity between Washington and the Philippines, which is useful for understanding regional economic connections and market access.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses engaged in exporting activities.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze trade patterns and the strength of economic ties between Washington and the Philippines, which can inform decisions around market access, supply chain networks, and broader commercial relationships.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric may not capture all exporting activity, as it relies on business self-identification in surveys.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Philippines from Washington (WAPHLA475SCEN), retrieved from FRED.