Number of Identified Exporters to Brazil from Oklahoma
OKBRAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.00
Year-over-Year Change
8.70%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Brazil from Oklahoma' series tracks the count of businesses located in Oklahoma that export goods to Brazil. This metric provides insights into the trade relationship between Oklahoma and Brazil.
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 represents the number of unique companies based in Oklahoma that have reported exporting products or services to Brazil. It offers a window into the scale and dynamics of Oklahoma's export activity with Brazil, a key trading partner.
Methodology
The data is collected through surveys of Oklahoma businesses and compiled by the U.S. Census Bureau.
Historical Context
This trend is used by economists and policymakers to monitor the health of Oklahoma's export sector and trade ties with Brazil.
Key Facts
- Oklahoma exported $1.4 billion worth of goods to Brazil in 2021.
- Brazil is Oklahoma's 6th largest export destination.
- The number of identified Oklahoma exporters to Brazil has increased by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of unique businesses located in Oklahoma that have reported exporting products or services to Brazil.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and dynamics of Oklahoma's export activity with Brazil, a key trading partner. It's used by economists and policymakers to monitor the health of Oklahoma's export sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Oklahoma businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This indicator is used by economists and policymakers to monitor the health of Oklahoma's export sector and trade ties with Brazil, informing decisions around trade policy, business support, and economic development.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most current business conditions. Additionally, the survey methodology may not capture all exporting firms in Oklahoma.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Brazil from Oklahoma (OKBRAA475SCEN), retrieved from FRED.