Value of Exports to Taiwan from Utah
UTTWNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
609,687,681.00
Year-over-Year Change
967.56%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Taiwan from Utah' trend measures the total value of goods and services exported from the U.S. state of Utah to Taiwan. This data is important for understanding trade relationships and economic interdependence between regions.
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 economic indicator represents the monetary value of all products and services shipped from Utah businesses to customers in Taiwan. It provides insight into the strength of commercial ties and trade flows between the two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau using customs and shipping records.
Historical Context
Analysts and policymakers monitor this trend to assess the health of Utah's export sector and the broader economic relationship between the state and Taiwan.
Key Facts
- Utah exported $1.2 billion worth of goods and services to Taiwan in 2021.
- Taiwan was Utah's 5th largest export destination in 2021.
- The value of Utah's exports to Taiwan has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all products and services exported from the U.S. state of Utah to customers in Taiwan.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength of commercial ties and trade flows between Utah and Taiwan, which is important for understanding regional economic relationships and interdependence.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau using customs and shipping records.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess the health of Utah's export sector and the broader economic relationship between the state and Taiwan.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Value of Exports to Taiwan from Utah (UTTWNA052SCEN), retrieved from FRED.