Number of Identified Exporters to Ecuador from Oklahoma
OKECUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.00
Year-over-Year Change
48.78%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Ecuador from Oklahoma' measures the total number of businesses located in Oklahoma that export goods or services to Ecuador. This metric is valuable for policymakers and trade analysts to understand Oklahoma's trade relationships and economic integration with international 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 series tracks the count of unique companies based in Oklahoma that have reported exporting products or services to Ecuador. It provides insight into the breadth and diversity of Oklahoma's export activity, which is an important driver of economic growth and employment.
Methodology
The data is collected through mandatory exporter surveys and administrative records by the U.S. Census Bureau.
Historical Context
Trends in exporter counts can inform trade policy decisions and investment strategies for businesses and state economic development agencies.
Key Facts
- Oklahoma exported over $300 million in goods to Ecuador in 2021.
- The number of identified Oklahoma exporters to Ecuador has grown by 25% since 2015.
- Top exported products from Oklahoma to Ecuador include machinery, chemicals, and agricultural commodities.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of unique businesses located in Oklahoma that have reported exporting goods or services to Ecuador.
Q: Why is this trend relevant for users or analysts?
A: The number of Oklahoma exporters to Ecuador provides insight into the state's trade relationships and economic integration with international markets, which is valuable information for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected through mandatory exporter surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in the number of Oklahoma exporters to Ecuador can inform trade policy decisions and investment strategies for state economic development agencies and businesses.
Q: Are there update delays or limitations?
A: There may be a 6-12 month delay in data availability due to the time required for business surveys and administrative processing.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Ecuador from Oklahoma (OKECUA475SCEN), retrieved from FRED.