Number of Identified Exporters to Somalia from Ohio
OHSOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
200.00%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend tracks the number of exporters from the U.S. state of Ohio that sell goods to Somalia. It provides insights into trade patterns and commercial ties between Ohio and the Horn of Africa region.
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
The Number of Identified Exporters to Somalia from Ohio series measures the count of unique business entities located in Ohio that exported merchandise to Somalia in a given time period. This data helps economists and policymakers understand the level of economic engagement and commercial relationships between Ohio and Somalia.
Methodology
The data is collected through analysis of customs and trade records by the U.S. Census Bureau.
Historical Context
This trend is used to inform trade policy, market access initiatives, and economic development strategies.
Key Facts
- Ohio exported goods worth over $1.2 billion to Africa in 2021.
- Somalia is one of Ohio's top 20 export destinations in Africa.
- The number of Ohio exporters to Somalia has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of unique business entities located in the U.S. state of Ohio that exported goods to Somalia in a given time period.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the level of trade and commercial relationships between Ohio and the Horn of Africa region, which is relevant for informing economic development strategies and trade policy.
Q: How is this data collected or calculated?
A: The data is collected through analysis of customs and trade records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, trade agencies, and economic development organizations to understand market access, identify growth opportunities, and inform strategies for boosting exports and commercial ties.
Q: Are there update delays or limitations?
A: The data is published with a several month lag, and may not capture all exporters, especially smaller or informal businesses.
Related Trends
Number of Identified Exporters to Somalia from Virginia
VASOMA475SCEN
Remittance Inflows to GDP for Somalia
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Number of Identified Exporters to Somalia from North Carolina
NCSOMA475SCEN
Value of Exports to Somalia from Colorado
COSOMA052SCEN
Value of Exports to Somalia from Maryland
MDSOMA052SCEN
Gross Domestic Product for Somalia
MKTGDPSOA646NWDB
Citation
U.S. Federal Reserve, Number of Identified Exporters to Somalia from Ohio (OHSOMA475SCEN), retrieved from FRED.