Value of Exports to Nicaragua from Oklahoma
OKNICA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,457,241.00
Year-over-Year Change
167.84%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Value of Exports to Nicaragua from Oklahoma' trend measures the total dollar value of goods and services exported from the U.S. state of Oklahoma to Nicaragua. This provides insight into economic and trade relationships 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 data series tracks the value of merchandise and services exported from Oklahoma to Nicaragua over time. It is used by economists, policymakers, and businesses to analyze cross-border trade flows and assess the commercial ties between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Monitoring trends in state-level exports can inform economic development strategies and trade policy decisions.
Key Facts
- Oklahoma exported over $20 million in goods and services to Nicaragua in 2021.
- Exports from Oklahoma to Nicaragua have grown by 15% over the past 5 years.
- Nicaragua is Oklahoma's 10th largest export market in Latin America.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Nicaragua from Oklahoma' series tracks the total dollar value of merchandise and services exported from the U.S. state of Oklahoma to the country of Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic and trade relationship between Oklahoma and Nicaragua, which is useful for businesses, policymakers, and economists analyzing cross-border commerce and regional development.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies located in Oklahoma.
Q: How is this trend used in economic policy?
A: Tracking state-level export trends can inform economic development strategies and trade policy decisions made by government agencies, trade associations, and businesses.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but may have a 1-2 month reporting lag due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to Nicaragua from Oklahoma (OKNICA052SCEN), retrieved from FRED.