Value of Exports to Saudi Arabia from Alabama
ALSAUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121,787,496.00
Year-over-Year Change
31.21%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Saudi Arabia from Alabama measures the total dollar value of goods and services exported from the state of Alabama to Saudi Arabia. This economic indicator provides insight into Alabama's international trade and economic ties with the Middle East.
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 Saudi Arabia from Alabama tracks the dollar value of physical goods, services, and intellectual property shipped from Alabama to Saudi Arabia. This metric is used by economists and policymakers to analyze Alabama's export performance, trade relationships, and economic integration with global markets.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
This export data informs decisions around trade policy, investment, and economic development strategies between Alabama and Saudi Arabia.
Key Facts
- Alabama exported $305 million in goods and services to Saudi Arabia in 2021.
- Aerospace products and parts are Alabama's top export to Saudi Arabia.
- Saudi Arabia is Alabama's 10th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: The Value of Exports to Saudi Arabia from Alabama measures the total dollar value of goods and services exported from the state of Alabama to Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Alabama's international trade and economic ties with the Middle East, informing decisions around trade policy, investment, and economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: This export data is used by economists and policymakers to analyze Alabama's export performance, trade relationships, and economic integration with global markets.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month delay to allow for collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to Saudi Arabia from Alabama (ALSAUA052SCEN), retrieved from FRED.