Value of Exports to Dominican Republic from Wisconsin
WIDOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
85,326,278.00
Year-over-Year Change
240.53%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Dominican Republic from Wisconsin' series measures the total value of goods exported from the state of Wisconsin to the Dominican Republic. This metric is important for economists and policymakers to assess Wisconsin's international trade relationships and performance.
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 dollar value of all physical goods and commodities exported from Wisconsin to the Dominican Republic. It is a key indicator of the commercial and economic ties between the two regions and can inform trade policies, business strategies, and economic analyses.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
This export value trend is used by government agencies, industry groups, and market analysts to monitor Wisconsin's exports and trade dynamics.
Key Facts
- Wisconsin exported over $200 million in goods to the Dominican Republic in 2021.
- Machinery, vehicles, and plastics are Wisconsin's top exports to the Dominican Republic.
- Exports to the Dominican Republic account for around 1% of total Wisconsin exports.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of physical goods and commodities exported from the state of Wisconsin to the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This export value metric is important for assessing Wisconsin's trade relationship and performance with the Dominican Republic, which can inform economic policies, business strategies, and market analyses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Government agencies, industry groups, and market analysts use this export value trend to monitor Wisconsin's trade dynamics and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timelines and methodologies of the U.S. Census Bureau's trade reporting.
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Citation
U.S. Federal Reserve, Value of Exports to Dominican Republic from Wisconsin (WIDOMA052SCEN), retrieved from FRED.