Value of Exports to Saudi Arabia from Iowa
IASAUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,469,346.00
Year-over-Year Change
12.49%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Saudi Arabia from Iowa' metric tracks the total value of goods and services exported from the U.S. state of Iowa to the Kingdom of Saudi Arabia. This data point is valuable for understanding regional trade dynamics and economic interdependence.
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 indicator measures the dollar value of all products and services exported from the state of Iowa to Saudi Arabia over a given time period. The data is useful for evaluating the strength of Iowa's international trade relationships and identifying trends in its export economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Iowa-based businesses and exporters.
Historical Context
Policymakers and market analysts use this metric to assess the health of Iowa's export sector and its integration with the global economy.
Key Facts
- Iowa's exports to Saudi Arabia totaled $195 million in 2021.
- Machinery and agricultural products account for the majority of Iowa's exports to Saudi Arabia.
- Trade with Saudi Arabia represents approximately 2% of Iowa's total international exports.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of goods and services exported from the U.S. state of Iowa to Saudi Arabia over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This data point is useful for evaluating the strength of Iowa's trade relationships and the performance of its export-oriented industries.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Iowa-based businesses and exporters.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess the health of Iowa's export sector and its integration with the global economy.
Q: Are there update delays or limitations?
A: The data is published with a several-month lag, and may not capture all export activity due to limitations in survey coverage.
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Citation
U.S. Federal Reserve, Value of Exports to Saudi Arabia from Iowa (IASAUA052SCEN), retrieved from FRED.