Value of Exports to Australia from Utah
UTAUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
225,480,647.00
Year-over-Year Change
116.49%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Australia from Utah' measures the total dollar value of goods and services exported from the U.S. state of Utah to Australia. This metric is crucial for understanding Utah's international trade dynamics and economic relationship with one of its key export destinations.
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 value of all merchandise, agricultural products, and services exported from Utah to Australia. It is an important indicator of Utah's export-driven economic activity and trade integration with the Australian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and trade analysts use this metric to assess Utah's export competitiveness and the health of its commercial ties with Australia.
Key Facts
- Utah exported $305 million worth of goods and services to Australia in 2021.
- Australia is Utah's 11th largest export destination.
- Utah's top exports to Australia include machinery, electronics, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the U.S. state of Utah to Australia.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Utah's international trade dynamics and economic relationship with one of its key export destinations, Australia.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess Utah's export competitiveness and the health of its commercial ties with Australia.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal delays, providing timely insights into Utah's export performance.
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Citation
U.S. Federal Reserve, Value of Exports to Australia from Utah (UTAUSA052SCEN), retrieved from FRED.