Value of Exports to Dominican Republic from Utah
UTDOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,520,681.00
Year-over-Year Change
-20.52%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Dominican Republic from Utah' series measures the total value of goods exported from the state of Utah to the Dominican Republic. This data provides insights into trade patterns and economic relationships between Utah and its international trade partners.
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 economic series tracks the dollar value of merchandise exports originating from Utah and destined for the Dominican Republic market. It is a key indicator of the commercial activity and trade flows between these two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs documents and other international trade records.
Historical Context
Policymakers and businesses use this data to monitor Utah's export performance and assess the state's trade dynamics with the Dominican Republic.
Key Facts
- Utah exported over $20 million in goods to the Dominican Republic in 2021.
- Machinery and electronics are Utah's top exports to the Dominican Republic.
- The Dominican Republic is Utah's 39th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of merchandise exports originating from the state of Utah and destined for the Dominican Republic market.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship and commercial activity between Utah and the Dominican Republic, which is useful for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs documents and other international trade records.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this data to monitor Utah's export performance and assess the state's trade dynamics with the Dominican Republic, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and publication timelines of the U.S. Census Bureau, which may result in some update delays.
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Citation
U.S. Federal Reserve, Value of Exports to Dominican Republic from Utah (UTDOMA052SCEN), retrieved from FRED.