Value of Exports to Philippines from Utah
UTPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,688,989.00
Year-over-Year Change
-52.73%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Utah' trend measures the total dollar value of goods and services exported from the U.S. state of Utah to the Philippines. This provides insight into trade dynamics and economic ties 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 series represents the total value of merchandise and services exported from Utah to the Philippines. It is a key metric for assessing the commercial relationship and trade flows between the two economies, which can inform business and policymaking decisions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Tracking state-level exports is important for regional economic development and trade policy analysis.
Key Facts
- Utah's exports to the Philippines totaled $93.4 million in 2021.
- The Philippines is Utah's 27th largest export destination globally.
- Computer and electronic products make up the largest share of Utah's exports to the Philippines.
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 Utah to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: Tracking state-level export data provides insights into regional trade dynamics that can inform business strategy and economic policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: State-level export data is used by policymakers and analysts to assess regional trade relationships and inform economic development strategies.
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.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Utah (UTPHLA052SCEN), retrieved from FRED.