Value of Exports to Somalia from Ohio
OHSOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171,871.00
Year-over-Year Change
126.08%
Date Range
1/1/2005 - 1/1/2017
Summary
The 'Value of Exports to Somalia from Ohio' series measures the total value of goods and services exported from the U.S. state of Ohio to the country of Somalia. This data provides insights into economic activity and trade flows between the two regions.
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 data series tracks the dollar value of merchandise and services exported from Ohio to Somalia over time. It is used by economists, policymakers, and businesses to analyze trends in regional trade, understand supply chain dynamics, and inform strategic decisions related to international commerce.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
This economic indicator is relevant for assessing the health of Ohio's export sector and monitoring the state's engagement with the Somali market.
Key Facts
- Ohio is a major exporting state in the U.S.
- Somalia is a developing economy with growing trade ties globally.
- Exports contribute significantly to Ohio's gross state product.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total dollar value of goods and services exported from the U.S. state of Ohio to the country of Somalia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the trade relationship between Ohio and Somalia, which is important for understanding regional economic dynamics and commercial opportunities.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies located in Ohio.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the health of Ohio's export sector, monitor the state's engagement with the Somali market, and inform decisions related to international trade and commerce.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all export activity due to limitations in survey coverage.
Related Trends
Net migration for Somalia
SMPOPNETMSOM
Number of Identified Exporters to Somalia from Idaho
IDSOMA475SCEN
Number of Identified Exporters to Somalia from Ohio
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Number of Identified Exporters to Somalia from South Carolina
SCSOMA475SCEN
Number of Identified Exporters to Somalia from Colorado
COSOMA475SCEN
Number of Identified Exporters to Somalia from Oregon
ORSOMA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Somalia from Ohio (OHSOMA052SCEN), retrieved from FRED.