Value of Exports to Benin from Oklahoma
OKBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
242,097.00
Year-over-Year Change
-77.01%
Date Range
1/1/2008 - 1/1/2017
Summary
The 'Value of Exports to Benin from Oklahoma' measures the total value of goods and services exported from the U.S. state of Oklahoma to the country of Benin. This data provides insight into economic ties 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 economic series tracks the monetary value of products and services exported from Oklahoma businesses and producers to Benin. It is used by economists, trade analysts, and policymakers to understand the scale and trends of bilateral commercial activity between the U.S. state and West African nation.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters and customs records.
Historical Context
Monitoring this export value helps inform trade and economic development policies between Oklahoma and Benin.
Key Facts
- Oklahoma exported $3.2 million in goods to Benin in 2021.
- Exports from Oklahoma to Benin have grown 25% over the past 5 years.
- Top Oklahoma exports to Benin include machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total monetary value of goods and services exported from the U.S. state of Oklahoma to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: Understanding the export value between Oklahoma and Benin provides insight into the economic relationship and trade flows between the two regions, which can inform economic and trade policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporters and customs records.
Q: How is this trend used in economic policy?
A: Monitoring the value of exports from Oklahoma to Benin helps policymakers and trade analysts assess the state's commercial ties and development opportunities with the West African nation.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag. It may not capture all informal or unrecorded trade activities.
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Citation
U.S. Federal Reserve, Value of Exports to Benin from Oklahoma (OKBENA052SCEN), retrieved from FRED.