Value of Exports to Singapore from Wisconsin
WISGPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
199,451,426.00
Year-over-Year Change
7.01%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Singapore from Wisconsin' measures the total value of goods and services exported from the state of Wisconsin to Singapore. This metric is important for economists and policymakers to track trade flows and economic relationships between U.S. states and international markets.
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 exports originating from the state of Wisconsin that are destined for Singapore. It is a key indicator of the economic linkages and trade dynamics between the Badger State and the Southeast Asian city-state.
Methodology
The data is collected and reported by the U.S. Census Bureau through its annual survey of international trade in goods and services.
Historical Context
Analyzing trends in state-level exports is crucial for informing economic development strategies and trade policy decisions.
Key Facts
- Wisconsin exported over $500 million in goods and services to Singapore in 2021.
- Machinery and equipment are major export categories from Wisconsin to Singapore.
- Singapore is Wisconsin's 11th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of exports originating from the state of Wisconsin that are destined for Singapore, capturing trade flows between the two economies.
Q: Why is this trend relevant for users or analysts?
A: Tracking state-level exports is crucial for understanding regional economic performance and trade relationships. This data informs economic development strategies and trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its annual survey of international trade in goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze trends in state exports to Singapore and other markets to assess the health of regional economies and inform decisions around trade agreements and economic development initiatives.
Q: Are there update delays or limitations?
A: There may be a 6-12 month delay in the reporting of this data due to the survey collection process. The data also does not capture certain service exports or informal trade flows.
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Citation
U.S. Federal Reserve, Value of Exports to Singapore from Wisconsin (WISGPA052SCEN), retrieved from FRED.