Value of Exports to Benin from Ohio
OHBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
704,526.00
Year-over-Year Change
19.83%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Value of Exports to Benin from Ohio' measures the monetary value of goods and services exported from the U.S. state of Ohio to the West African nation of Benin. This metric is important for understanding Ohio's trade relationships and economic ties with 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 series tracks the dollar value of all products and services exported from Ohio to Benin over time. It provides insight into the scale and trends of Ohio's export activity with this particular trading partner, which can inform economic policy, business strategy, and market analysis.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and economists use this series to assess Ohio's export performance and integration into the global economy.
Key Facts
- Ohio exported $17.4 million worth of goods to Benin in 2021.
- Exports to Benin account for 0.2% of Ohio's total international trade.
- The top exported products from Ohio to Benin are machinery, chemicals, and plastics.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of all products and services exported from the U.S. state of Ohio to the country of Benin over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into Ohio's trade relationships and economic ties with international markets, which can inform business strategy, economic policy, and market analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to assess Ohio's export performance and integration into the global economy, which can guide decisions around trade agreements, economic development, and international market access.
Q: Are there update delays or limitations?
A: The data is published with a typical lag of 2-3 months, and may be subject to revisions as more complete information becomes available.
Related Trends
Net Current Account Total for Benin
BENBCABP6GDPPT
Inflation, consumer prices for Benin
FPCPITOTLZGBEN
Use of Financial Services: Key Indicators, Depositors/customers with All Microfinance Institutions (MFIs) Per 1000 Adults for Benin
BENFCDODMFANUM
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Benin
BENFCACNUM
Small Firms with a Bank Loan or Line of Credit to Total Small Firms for Benin
DDAI04BJA156NWDB
Bank Z-Score for Benin
DDSI01BJA645NWDB
Citation
U.S. Federal Reserve, Value of Exports to Benin from Ohio (OHBENA052SCEN), retrieved from FRED.