Number of Identified Exporters to Saudi Arabia from Idaho
IDSAUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38.00
Year-over-Year Change
123.53%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Saudi Arabia from Idaho' metric tracks the count of businesses based in Idaho that export goods and services to Saudi Arabia. This data provides insight into trade flows and economic relationships between the state and the Gulf Cooperation Council nation.
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 represents the total number of exporters located in the U.S. state of Idaho that sell products or services to customers in Saudi Arabia. The data is published by the U.S. Census Bureau and offers a granular view of state-level international trade patterns.
Methodology
The data is collected through mandatory business surveys and trade documentation filed with customs authorities.
Historical Context
Policymakers and trade analysts use this metric to assess the health of Idaho's export economy and identify opportunities to expand trade with key international markets.
Key Facts
- Idaho exported $194 million in goods to Saudi Arabia in 2021.
- The number of Idaho exporters to Saudi Arabia has grown by 12% since 2018.
- Machinery and agricultural products are Idaho's top exports to Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses located in the U.S. state of Idaho that export goods or services to customers in Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: The data provides insights into the trade relationship between Idaho and a key international market, which is useful for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through mandatory business surveys and trade documentation filed with customs authorities.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess the health of Idaho's export economy and identify opportunities to expand trade with Saudi Arabia and other global markets.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 year lag, and may not capture all small or informal exporters.
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Gross Domestic Product for Saudi Arabia
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Citation
U.S. Census Bureau, Number of Identified Exporters to Saudi Arabia from Idaho (IDSAUA475SCEN), retrieved from FRED.