Value of Exports to United Arab Emirates from Oklahoma
OKAREA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,263,079.00
Year-over-Year Change
-32.22%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Arab Emirates from Oklahoma' series measures the total value of goods exported from the state of Oklahoma to the United Arab Emirates. This metric is important for understanding Oklahoma's trade relationships and economic ties with global 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 data series tracks the dollar value of exports originating from Oklahoma businesses and shipped to the United Arab Emirates. It provides insight into the scale and trends of Oklahoma's export economy, which is crucial for state policymakers and economic analysts.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters.
Historical Context
Policymakers and economists use this series to assess Oklahoma's trade performance and competitiveness in international markets.
Key Facts
- Oklahoma's exports to UAE totaled $123 million in 2021.
- The state's top exports to UAE include machinery, transportation equipment, and chemicals.
- UAE is Oklahoma's 5th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and products exported from the state of Oklahoma to the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: The value of Oklahoma's exports to UAE provides insight into the state's international trade performance and economic ties with global markets, which is crucial information for policymakers and business analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this series to assess Oklahoma's trade competitiveness and inform decisions around export promotion, trade agreements, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags of several months before the latest export data is published by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to United Arab Emirates from Oklahoma (OKAREA052SCEN), retrieved from FRED.