Value of Exports to Saudi Arabia from Nebraska
NESAUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,160,389.00
Year-over-Year Change
42.94%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Saudi Arabia from Nebraska' measures the dollar value of goods exported from the state of Nebraska to Saudi Arabia. This trend is important for understanding regional trade patterns and the economic relationship between Nebraska and its major trading partners.
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 tracks the total value of physical goods shipped from Nebraska to Saudi Arabia, one of the state's key export destinations. Analyzing changes in this series can provide insights into the manufacturing and logistics industries in Nebraska, as well as the state's overall trade dynamics.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and trade analysts use this metric to evaluate the competitiveness of Nebraska's exports and the health of commercial ties between the state and Saudi Arabia.
Key Facts
- Nebraska exported $302 million in goods to Saudi Arabia in 2021.
- Exports to Saudi Arabia account for 2.7% of Nebraska's total exports.
- Agricultural products are Nebraska's top export to Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of physical goods exported from the state of Nebraska to Saudi Arabia, one of the state's major trading partners.
Q: Why is this trend relevant for users or analysts?
A: Analyzing changes in this series can provide insights into Nebraska's manufacturing, logistics, and overall trade dynamics with an important international market.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to evaluate the competitiveness of Nebraska's exports and the health of commercial ties between the state and Saudi Arabia.
Q: Are there update delays or limitations?
A: There may be lags in reporting and publication of this data by statistical agencies.
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Citation
U.S. Federal Reserve, Value of Exports to Saudi Arabia from Nebraska (NESAUA052SCEN), retrieved from FRED.