Value of Exports to Saudi Arabia from Florida
FLSAUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
481,646,286.00
Year-over-Year Change
12.18%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Saudi Arabia from Florida' trend measures the dollar value of goods and services exported from the state of Florida to Saudi Arabia. This metric is important for understanding Florida's trade relationships and economic connections with the Middle East.
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 total value of exports originating from Florida and destined for Saudi Arabia. It provides insight into the commercial ties between the two regions and can indicate changes in Florida's export-oriented industries and trading patterns.
Methodology
The data is collected by the U.S. Census Bureau through surveys of domestic producers and exporters.
Historical Context
Policymakers and economists use this trend to assess Florida's export performance and competitiveness in the global marketplace.
Key Facts
- Florida is a major exporting state, shipping over $55 billion in goods annually.
- Saudi Arabia is Florida's 18th largest export market, receiving $493 million in 2021.
- Top Florida exports to Saudi Arabia include machinery, transportation equipment, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of Florida to Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Florida's trade relationships and economic connections with the Middle East, which is important for understanding the state's export-oriented industries and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of domestic producers and exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Florida's export performance and competitiveness in the global marketplace.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the Census Bureau's reporting, which may result in occasional update delays or revisions.
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Citation
U.S. Federal Reserve, Value of Exports to Saudi Arabia from Florida (FLSAUA052SCEN), retrieved from FRED.