Value of Exports to Germany from Utah
UTDEUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
385,870,507.00
Year-over-Year Change
172.21%
Date Range
1/1/1992 - 1/1/2017
Summary
This trend measures the value of exports from the U.S. state of Utah to Germany. It provides insights into economic activity and trade flows between Utah and its key international trading 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
The Value of Exports to Germany from Utah metric tracks the dollar value of goods and services exported from Utah to Germany. It is an important indicator of the strength of Utah's export economy and its integration with the global marketplace.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and market analysts use this trend to understand Utah's trade dynamics and competitiveness in the German market.
Key Facts
- Utah exported over $500 million in goods to Germany in 2021.
- Germany is Utah's 5th largest export destination globally.
- Computer and electronic products make up the largest share of Utah's exports to Germany.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Utah to Germany. It captures the dollar amount of goods and services shipped from Utah businesses to the German market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength of Utah's export economy and its trade relationship with a key international partner. It is useful for understanding Utah's competitiveness and integration with the global marketplace.
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 market analysts use this trend to monitor Utah's trade dynamics, identify growth opportunities, and assess the state's competitiveness in the German market.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month delay between the reference period and public release.
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Citation
U.S. Federal Reserve, Value of Exports to Germany from Utah (UTDEUA052SCEN), retrieved from FRED.