Value of Exports to India from Utah
UTINDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,453,876.00
Year-over-Year Change
280.56%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to India from Utah' measures the total value of goods and services exported from the state of Utah to India. This metric is important for economists and policymakers to understand Utah's trade dynamics and competitiveness in international 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 dollar value of all merchandise and services exported from Utah to India. It is a key indicator of the economic relationship between Utah and India, and can inform decisions around trade policy, business investment, and economic development.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Trends in Utah's exports to India are closely watched by trade analysts, as India is a major global economy and an important trading partner for many U.S. states.
Key Facts
- Utah exported over $500 million in goods and services to India in 2021.
- India was Utah's 7th largest export destination in 2021.
- Computer and electronic products make up the largest share of Utah's exports to India.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the state of Utah to India over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding Utah's trade dynamics and economic relationship with a major global market like India, which can inform decision-making around trade policy, business investment, and economic development.
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: Trends in Utah's exports to India are closely watched by trade analysts and policymakers to assess the state's competitiveness and economic ties with this important global market.
Q: Are there update delays or limitations?
A: The data may have a lag of several months between the reference period and publication, and can be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Value of Exports to India from Utah (UTINDA052SCEN), retrieved from FRED.