Value of Exports to Somalia from California
CASOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,611,537.00
Year-over-Year Change
2977.83%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Somalia from California' metric tracks the total dollar value of merchandise exports from California to Somalia. This provides insight into California's trade relationship with Somalia and its role in the broader U.S. export economy.
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 measures the value of all goods and commodities exported from California to Somalia, including agricultural products, machinery, chemicals, and other manufactured items. It is used by economists and trade analysts to assess California's export performance and understand its commercial ties with Somalia.
Methodology
The data is collected by the U.S. Census Bureau through surveys of California exporters and compiled into this series.
Historical Context
Policy analysts use this metric to evaluate California's participation in international trade and the state's competitiveness in export markets.
Key Facts
- California is the largest exporting state in the U.S.
- Somalia relies heavily on imports, especially food and consumer goods.
- Export volumes can be influenced by exchange rates, tariffs, and economic conditions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of merchandise exports from the state of California to the country of Somalia.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into California's trade relationship with Somalia and its role in the broader U.S. export economy, which is useful for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of California exporters and compiled into this series.
Q: How is this trend used in economic policy?
A: Policy analysts use this metric to evaluate California's participation in international trade and the state's competitiveness in export markets.
Q: Are there update delays or limitations?
A: There may be delays in reporting or limitations in coverage, as the data is dependent on survey responses from California exporters.
Related Trends
U.S. Imports of Goods by Customs Basis from Somalia
IMP7700
Number of Identified Exporters to Somalia from Maine
MESOMA475SCEN
Value of Exports to Somalia from District of Columbia
DCSOMA052SCEN
Number of Identified Exporters to Somalia from Pennsylvania
PASOMA475SCEN
U.S. Exports of Goods by F.A.S. Basis to Somalia
EXP7700
Gross Domestic Product Per Capita for Somalia
PCAGDPSOA646NWDB
Citation
U.S. Federal Reserve, Value of Exports to Somalia from California (CASOMA052SCEN), retrieved from FRED.