Value of Exports to Saudi Arabia from Kansas
KSSAUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,191,852.00
Year-over-Year Change
-42.25%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Saudi Arabia from Kansas' measures the total monetary value of goods and services exported from the state of Kansas to the Kingdom of Saudi Arabia. This trend is a key indicator of trade activity and economic linkages between Kansas and a major global market.
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 products and services exported from Kansas businesses and industries to Saudi Arabia, a significant trading partner for the state. Economists and policymakers analyze this data to understand Kansas's export performance and competitiveness in the global economy.
Methodology
The data is collected and reported by the U.S. Census Bureau based on surveys of Kansas exporters.
Historical Context
Monitoring trends in Kansas's exports to Saudi Arabia helps inform trade, economic development, and foreign policy decisions.
Key Facts
- Kansas exported $195 million in goods and services to Saudi Arabia in 2021.
- Aerospace products are Kansas's top export to Saudi Arabia, accounting for 60% of total exports.
- Saudi Arabia is Kansas's 5th largest export market globally.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Saudi Arabia from Kansas' measures the total monetary value of all goods and services exported from the state of Kansas to the Kingdom of Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding Kansas's trade relationships and economic linkages with global markets, particularly a major trading partner like Saudi Arabia.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on surveys of Kansas exporters.
Q: How is this trend used in economic policy?
A: Tracking Kansas's exports to Saudi Arabia helps inform trade, economic development, and foreign policy decisions at the state and federal level.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag, and may not capture all export activity due to reporting thresholds.
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Citation
U.S. Federal Reserve, Value of Exports to Saudi Arabia from Kansas (KSSAUA052SCEN), retrieved from FRED.