Value of Exports to Iraq from Utah
UTIRQA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,873,624.00
Year-over-Year Change
-51.96%
Date Range
1/1/2004 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Utah to Iraq. It provides insights into Utah's trade relationship with the Iraqi market, which is relevant for assessing regional economic dynamics.
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 Iraq from Utah tracks the dollar value of goods and services exported from Utah to Iraq over time. This metric is useful for analyzing Utah's export-driven economic activity and integration with global markets, particularly in the Middle East region.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses in Utah.
Historical Context
Policymakers and market analysts use this trend to evaluate Utah's trade competitiveness and exposure to economic conditions in Iraq.
Key Facts
- Utah exported $58.3 million worth of goods to Iraq in 2021.
- Exports to Iraq account for 1.2% of Utah's total international exports.
- The value of Utah's exports to Iraq has increased by 32% since 2016.
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 the country of Iraq over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Utah's trade relationship with the Iraqi market, which is important for understanding regional economic dynamics and Utah's integration with global markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses located in Utah that export goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to evaluate Utah's trade competitiveness and exposure to economic conditions in Iraq, which can inform decisions about trade policy and export promotion strategies.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it takes time for the Census Bureau to collect and publish the information.
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Citation
U.S. Federal Reserve, Value of Exports to Iraq from Utah (UTIRQA052SCEN), retrieved from FRED.