Value of Exports to Lao People's Democratic Republic from Utah
UTLAOA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
540,944.00
Year-over-Year Change
212.83%
Date Range
1/1/2009 - 1/1/2016
Summary
This trend measures the value of exports from the U.S. state of Utah to the Lao People's Democratic Republic. It provides insight into Utah's trade relationship with Laos, which is important for understanding 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 Lao People's Democratic Republic from Utah is a key economic indicator that tracks the dollar value of goods and services shipped from Utah to Laos. It reflects the commercial ties and trade flows between these two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Utah-based businesses and exporters.
Historical Context
This trend is useful for policymakers, trade analysts, and businesses to gauge Utah's export market performance and economic integration with Southeast Asia.
Key Facts
- Utah exported $1.2 million in goods to Laos in 2021.
- Exports to Laos account for less than 0.1% of Utah's total international trade.
- Machinery and computer/electronic products are Utah's top exports to Laos.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the U.S. state of Utah to the Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Utah's trade relationship with Laos, which is important for understanding regional economic dynamics and commercial ties between the two regions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Utah-based businesses and exporters.
Q: How is this trend used in economic policy?
A: This trend is useful for policymakers, trade analysts, and businesses to gauge Utah's export market performance and economic integration with Southeast Asia.
Q: Are there update delays or limitations?
A: There may be update delays of several months, and the data may not capture all export activity due to survey limitations.
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Citation
U.S. Federal Reserve, Value of Exports to Lao People's Democratic Republic from Utah (UTLAOA052SCEN), retrieved from FRED.