Value of Exports to Costa Rica from Oklahoma
OKCRIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,841,785.00
Year-over-Year Change
118.84%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Costa Rica from Oklahoma' metric tracks the total value of goods and services exported from the U.S. state of Oklahoma to the country of Costa Rica. This provides insight into trade patterns and economic ties 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 measures the dollar value of all products and services shipped from businesses located in Oklahoma to consumers and businesses in Costa Rica. It is an important indicator of international trade and can be used to analyze trends in Oklahoma's exports to Central American markets.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Historical Context
This export data is closely watched by policymakers, trade groups, and companies to understand economic relationships and identify growth opportunities.
Key Facts
- Oklahoma exported $123 million in goods and services to Costa Rica in 2021.
- Exports to Costa Rica account for 1.2% of Oklahoma's total international trade.
- Machinery, transportation equipment, and agricultural products are top Oklahoma exports to Costa Rica.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total value of goods and services exported from the U.S. state of Oklahoma to the country of Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insight into trade patterns and economic ties between Oklahoma and Costa Rica, which is valuable for policymakers, businesses, and economists analyzing regional and international commerce.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This export data is closely watched by policymakers, trade groups, and companies to understand economic relationships and identify growth opportunities in international markets.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a 2-3 month reporting lag.
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Citation
U.S. Federal Reserve, Value of Exports to Costa Rica from Oklahoma (OKCRIA052SCEN), retrieved from FRED.