Value of Exports to Dominican Republic from Oklahoma
OKDOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,367,667.00
Year-over-Year Change
778.49%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Oklahoma to the Dominican Republic. It provides insight into trade flows and commercial activity 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
The Value of Exports to Dominican Republic from Oklahoma series tracks the total dollar value of goods and services exported from Oklahoma to the Dominican Republic over time. This metric is used by economists and policymakers to analyze trade patterns and the strength of commercial relationships between the two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau through its international trade statistics program.
Historical Context
This trend is relevant for understanding Oklahoma's trade dynamics and integration with the Dominican market.
Key Facts
- Oklahoma exported $251 million to the Dominican Republic in 2021.
- Exports from Oklahoma to the Dominican Republic have grown by 28% over the past 5 years.
- The Dominican Republic is Oklahoma's 31st largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the U.S. state of Oklahoma to the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into trade flows and commercial activity between Oklahoma and the Dominican Republic, which is important for understanding regional economic integration and development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its international trade statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze trade patterns and the strength of commercial relationships between Oklahoma and the Dominican market, which can inform trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in the reporting of this data due to the time required for collection and compilation by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Dominican Republic from Oklahoma (OKDOMA052SCEN), retrieved from FRED.