Value of Exports to United Arab Emirates from Texas
TXAREA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,994,106,281.00
Year-over-Year Change
208.71%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to United Arab Emirates from Texas' series measures the dollar value of goods exported from Texas to the United Arab Emirates. This metric is important for tracking trade flows and economic relationships between U.S. states and global 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 represents the total value of commodities, manufactured goods, and other products shipped from Texas to the United Arab Emirates. Analyzing this data provides insights into Texas' export activity and economic ties with key international trading partners.
Methodology
The data is collected through customs records and surveys of Texas exporters.
Historical Context
Policymakers and businesses use this information to assess the strength of Texas' export economy and identify market opportunities.
Key Facts
- Texas is the largest exporting state in the U.S.
- The UAE is one of Texas' top trading partners in the Middle East region.
- Exports to the UAE account for over 3% of total Texas exports.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and commodities exported from the state of Texas to the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: Tracking Texas' export activity to the UAE provides insights into the state's international trade relationships and the strength of its export economy.
Q: How is this data collected or calculated?
A: The data is collected through customs records and surveys of Texas-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this information to assess trade flows and identify market opportunities for Texas exports.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, but may be subject to revisions or delays in reporting.
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Citation
U.S. Federal Reserve, Value of Exports to United Arab Emirates from Texas (TXAREA052SCEN), retrieved from FRED.