Value of Exports to United Arab Emirates from Kentucky
KYAREA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160,738,350.00
Year-over-Year Change
189.72%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Arab Emirates from Kentucky' measures the dollar value of goods and services exported from Kentucky to the United Arab Emirates. This provides insight into trade flows and economic ties between Kentucky and the UAE.
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 economic indicator tracks the value of Kentucky's exports to the United Arab Emirates, a major trade partner in the Middle East. It is used by economists and policymakers to analyze trade patterns, identify export opportunities, and assess the strength of Kentucky's economic relationships abroad.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
The trend is closely watched by trade organizations, economic development agencies, and market analysts to understand Kentucky's global export dynamics.
Key Facts
- Kentucky exported over $350 million in goods to the UAE in 2022.
- The UAE is Kentucky's 5th largest export destination.
- Top Kentucky exports to the UAE include aerospace parts, machinery, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the dollar value of goods and services exported from the state of Kentucky to the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into trade flows and economic ties between Kentucky and one of its major export markets in the Middle East, informing economic development strategies and trade policy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Trade organizations, economic development agencies, and market analysts closely monitor this trend to understand Kentucky's global export dynamics and identify opportunities to expand trade relationships.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all export activity due to limitations in data collection.
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Citation
U.S. Federal Reserve, Value of Exports to United Arab Emirates from Kentucky (KYAREA052SCEN), retrieved from FRED.