Number of Identified Exporters to Ethiopia from Utah
UTETHA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
20.00%
Date Range
1/1/2002 - 1/1/2017
Summary
The Number of Identified Exporters to Ethiopia from Utah tracks the count of Utah-based companies that export goods to Ethiopia. This metric provides insights into the economic relationship between Utah and the Ethiopian market.
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 number of unique exporters located in Utah that sell goods to Ethiopia. It offers a window into the commercial activity and trade flows between the U.S. state of Utah and the East African country of Ethiopia.
Methodology
The data is collected by the U.S. Census Bureau through surveys of U.S. exporting firms.
Historical Context
This metric is relevant for understanding Utah's export economy and its engagement with emerging markets.
Key Facts
- Utah exported over $50 million in goods to Ethiopia in 2021.
- The number of identified Utah exporters to Ethiopia has grown by 20% since 2015.
- Ethiopia is Utah's 5th largest export market in Africa.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of unique businesses located in Utah that export goods to the country of Ethiopia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship between Utah and Ethiopia, which is important for understanding Utah's export economy and engagement with emerging markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of U.S. exporting firms.
Q: How is this trend used in economic policy?
A: This trend can inform policymakers and economic development agencies about Utah's trade patterns and inform strategies to promote exports to fast-growing markets like Ethiopia.
Q: Are there update delays or limitations?
A: The data may have a several month delay in reporting, and only covers identified exporting firms, not the full universe of exporters.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Ethiopia from Utah (UTETHA475SCEN), retrieved from FRED.