Value of Exports to Brunei Darussalam from Ohio
OHBRNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,635,255.00
Year-over-Year Change
72.10%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Brunei Darussalam from Ohio' series tracks the total dollar value of goods and services exported from the U.S. state of Ohio to the Southeast Asian country of Brunei Darussalam. This metric is important for assessing Ohio's trade dynamics and integration with the global economy.
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 provides insight into the commercial relationship between Ohio and Brunei Darussalam. It allows policymakers and analysts to monitor trends in Ohio's export activity and trade balance with this specific trading partner. The data can inform decisions around economic development, international commerce, and regional trade policy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Trends in this export series are relevant for understanding Ohio's position in global supply chains and the state's economic competitiveness.
Key Facts
- Ohio exported $7.4 million worth of goods to Brunei in 2021.
- Exports to Brunei account for less than 0.1% of total Ohio exports.
- The top Ohio export to Brunei is machinery, including electrical equipment.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of exports from the U.S. state of Ohio to the country of Brunei Darussalam. It quantifies the commercial trade flows between these two regions.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Ohio's trade relationships and integration with the global economy, which is important for policymakers, businesses, and economists analyzing regional economic performance.
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: Trends in Ohio's exports to Brunei can inform decisions around international trade policy, economic development initiatives, and strategies to boost the state's competitiveness in global markets.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the most recent data due to the time required for collection and publication.
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Citation
U.S. Federal Reserve, Value of Exports to Brunei Darussalam from Ohio (OHBRNA052SCEN), retrieved from FRED.