Value of Exports to Ecuador from Oklahoma
OKECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,115,813.00
Year-over-Year Change
12.18%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Oklahoma to Ecuador. It is an important indicator of trade activity and economic integration 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
The Value of Exports to Ecuador from Oklahoma tracks the monetary value of goods and services shipped from Oklahoma to Ecuador. This data provides insights into the commercial relationship and trade dynamics between the state and the South American country.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Policymakers and economists monitor this trend to assess the health of Oklahoma's export economy and its broader trade ties.
Key Facts
- Oklahoma exported over $75 million in goods to Ecuador in 2021.
- Exports to Ecuador account for 2.5% of Oklahoma's total international trade.
- Top exported products from Oklahoma to Ecuador include machinery, chemicals, and agricultural commodities.
FAQs
Q: What does this economic trend measure?
A: The Value of Exports to Ecuador from Oklahoma measures the monetary value of goods and services shipped from the U.S. state of Oklahoma to the country of Ecuador.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the commercial relationship and trade dynamics between Oklahoma and Ecuador, which is important for policymakers, businesses, and economists analyzing state-level export activity and international trade patterns.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the health of Oklahoma's export economy and its broader trade ties, which can inform decisions on trade agreements, export promotion programs, and other policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 2-3 months after the end of the reporting period. There may also be limitations in capturing all export activity, especially by smaller businesses.
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Citation
U.S. Federal Reserve, Value of Exports to Ecuador from Oklahoma (OKECUA052SCEN), retrieved from FRED.