Value of Exports to Somalia from Washington
WASOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
463,455.00
Year-over-Year Change
653.70%
Date Range
1/1/2011 - 1/1/2017
Summary
The Value of Exports to Somalia from Washington measures the total dollar value of goods and services exported from the state of Washington to Somalia. This metric is important for understanding trade relationships and economic connections between U.S. states and foreign countries.
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 tracks the dollar value of all exports originating from the state of Washington that are destined for Somalia. It provides insight into the commercial and economic ties between Washington and this East African nation, which can inform trade policy and business strategy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and market analysts use this trend to assess Washington's engagement with the Somali economy.
Key Facts
- Washington is a major exporting state, with over $100 billion in total exports annually.
- Somalia is an important trading partner for many U.S. states, receiving over $300 million in exports per year.
- The Value of Exports to Somalia from Washington has fluctuated significantly over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of Washington to Somalia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Washington and Somalia, which is important for understanding regional economic connections and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess Washington's engagement with the Somali economy and inform trade policy.
Q: Are there update delays or limitations?
A: The data may be subject to revision and there can be lags in reporting, so users should check for the most recent available information.
Related Trends
Life Expectancy at Birth, Total for Somalia
SPDYNLE00INSOM
Number of Identified Exporters to Somalia from New Mexico
NMSOMA475SCEN
Value of Exports to Somalia from North Dakota
NDSOMA052SCEN
Ease of doing business index for Somalia
ICBUSEASEXQSOM
Number of Identified Exporters to Somalia from New Jersey
NJSOMA475SCEN
Number of Identified Exporters to Somalia from California
CASOMA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Somalia from Washington (WASOMA052SCEN), retrieved from FRED.