Value of Exports to Iraq from Arizona
AZIRQA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,350,433.00
Year-over-Year Change
189.32%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Value of Exports to Iraq from Arizona' series measures the total dollar value of goods and services exported from the state of Arizona to Iraq. This metric is important for economists and policymakers to track trade flows and economic relationships between states and foreign markets.
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 provides a breakdown of Arizona's export activity specifically to the Iraqi market. It is used to analyze trends in regional trade dynamics, assess the economic impacts of trade policy, and identify key export industries within the state.
Methodology
The data is collected through surveys of Arizona businesses and compiled by the U.S. Census Bureau.
Historical Context
Monitoring state-level export trends helps inform federal and state trade and economic development policies.
Key Facts
- Arizona exported $280 million in goods and services to Iraq in 2021.
- Exports to Iraq account for 1.2% of Arizona's total international trade.
- Top Arizona exports to Iraq include agricultural products, machinery, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total dollar value of goods and services exported from the state of Arizona to Iraq.
Q: Why is this trend relevant for users or analysts?
A: Tracking state-level export data to specific foreign markets helps economists and policymakers analyze trade flows, assess the impacts of trade policies, and identify key export industries within the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Arizona businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Monitoring state-level export trends informs federal and state trade and economic development policies.
Q: Are there update delays or limitations?
A: The data is subject to some reporting lags, but is generally published on a monthly basis by the U.S. Census Bureau.
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Balance on Current Account for Iraq
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Citation
U.S. Federal Reserve, Value of Exports to Iraq from Arizona (AZIRQA052SCEN), retrieved from FRED.