Value of Exports to Canada from Utah
UTCANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
891,500,250.00
Year-over-Year Change
106.45%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Canada from Utah' metric tracks the total dollar value of goods and services exported from the U.S. state of Utah to its northern neighbor, Canada. This data provides insight into the strength of Utah's trade relationship with a major economic partner.
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 measures the dollar-denominated value of all exports, including merchandise and services, originating from the state of Utah and destined for Canada. It serves as an important indicator of Utah's export-driven economic activity and integration with the Canadian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and analysts use this metric to evaluate Utah's trade performance and competitiveness within North American supply chains.
Key Facts
- Utah exported over $4 billion in goods and services to Canada in 2022.
- Canada is Utah's largest export market, accounting for 19% of the state's total exports.
- Utah's top exports to Canada include computer equipment, transportation equipment, and machinery.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total dollar value of all goods and services exported from the U.S. state of Utah to Canada.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength of Utah's trade relationship with a major economic partner, Canada, which is an important indicator of the state's export-driven economic activity and competitiveness.
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 declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Utah's trade performance and competitiveness within North American supply chains.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so it may not reflect the most recent trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Canada from Utah (UTCANA052SCEN), retrieved from FRED.