Value of Exports to United Arab Emirates from Ohio
OHAREA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
599,084,304.00
Year-over-Year Change
93.73%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Ohio to the United Arab Emirates. It provides important insights into trade flows and economic relationships between Ohio and this key Middle Eastern 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
The value of exports from Ohio to the UAE is a crucial economic indicator that reflects the strength of commercial ties between the two regions. It offers policymakers and analysts visibility into Ohio's export performance and competitiveness in a major international destination.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This trend is widely used by economists, trade experts, and state government officials to monitor Ohio's export activity and global market positioning.
Key Facts
- Ohio exported over $1 billion worth of goods to the UAE in 2021.
- The UAE is Ohio's 8th largest export destination worldwide.
- Top Ohio exports to the UAE include machinery, motor vehicles, and aircraft parts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Ohio to the United Arab Emirates, a key trade partner in the Middle East.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Ohio's export performance and competitiveness in a major international market, which is crucial for policymakers, trade experts, and businesses.
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: This trend is widely used by economists, state government officials, and other stakeholders to monitor Ohio's export activity and global market positioning, informing trade and economic development policies.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the information is collected through surveys and customs records.
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Citation
U.S. Federal Reserve, Value of Exports to United Arab Emirates from Ohio (OHAREA052SCEN), retrieved from FRED.