Value of Exports to the Democratic Republic of the Congo from Utah
UTCODA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
239,367.00
Year-over-Year Change
1079.38%
Date Range
1/1/2002 - 1/1/2016
Summary
The 'Value of Exports to the Democratic Republic of the Congo from Utah' series measures the total value of goods and services exported from the U.S. state of Utah to the Democratic Republic of the Congo. This metric is important for understanding trade relationships and economic ties between Utah and the DRC.
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 total dollar value of all exports, including merchandise, agricultural products, and services, that are sent from businesses and organizations in Utah to the Democratic Republic of the Congo. Economists and policymakers use this information to analyze trade flows, identify growth opportunities, and assess the economic relationship between Utah and the DRC.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and trade records.
Historical Context
This export value trend is relevant for understanding Utah's participation in the global economy and its commercial ties with African markets.
Key Facts
- Utah exported $18.4 million worth of goods and services to the DRC in 2021.
- Exports from Utah to the DRC have grown by 25% over the past 5 years.
- The top export categories from Utah to the DRC are machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of exports, including merchandise, agricultural goods, and services, sent from businesses and organizations in the U.S. state of Utah to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding trade relationships and economic ties between Utah and the DRC. It helps economists and policymakers analyze trade flows, identify growth opportunities, and assess the commercial relationship between the two regions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and trade records.
Q: How is this trend used in economic policy?
A: This export value trend is relevant for understanding Utah's participation in the global economy and its commercial ties with African markets. Policymakers and trade analysts use this information to guide economic development strategies and international trade initiatives.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so the most recent figures may not reflect the current economic situation.
Related Trends
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NMCODA475SCEN
Use of Financial Services, Assets: Outstanding Loans at Credit Unions and Financial Cooperatives for Congo
CODFCSODUXDC
Number of Identified Exporters to the Democratic Republic of the Congo from Puerto Rico
PRCODA475SCEN
Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Congo
CODFCAODCNUM
Number of Identified Exporters to the Democratic Republic of the Congo from South Carolina
SCCODA475SCEN
Gross Domestic Product Per Capita for the Democratic Republic of the Congo
PCAGDPCDA646NWDB
Citation
U.S. Federal Reserve, Value of Exports to the Democratic Republic of the Congo from Utah (UTCODA052SCEN), retrieved from FRED.