Value of Exports to United Arab Emirates from Connecticut
CTAREA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
170,592,076.00
Year-over-Year Change
469.66%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Arab Emirates from Connecticut' series measures the total dollar value of goods and services exported from the U.S. state of Connecticut to the United Arab Emirates. This metric is important for understanding Connecticut's trade relationship with key international 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 economic series tracks the monetary value of all products and services exported from Connecticut businesses and producers to customers in the United Arab Emirates. It provides insight into the scale and trends of Connecticut's exports to this major Middle Eastern trading partner.
Methodology
The data is collected through surveys of Connecticut-based exporters and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and economists analyze this series to assess Connecticut's export competitiveness and the health of its trade relationships.
Key Facts
- Connecticut exported $284 million worth of goods to the UAE in 2021.
- The UAE is Connecticut's 20th largest export destination globally.
- Connecticut's top exports to the UAE include aerospace parts, machinery, and scientific instruments.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of all goods and services exported from the U.S. state of Connecticut to the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and trends of Connecticut's exports to a major international trading partner, which is important for understanding the state's trade relationships and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Connecticut-based exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this series to assess Connecticut's export competitiveness and the health of its trade relationships with key global markets.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may not capture all export activity due to survey limitations.
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People 15 Years and Over with Account at a Formal Financial Institution for United Arab Emirates
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Citation
U.S. Federal Reserve, Value of Exports to United Arab Emirates from Connecticut (CTAREA052SCEN), retrieved from FRED.