Value of Exports to Benin from Ohio
OHBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
704,526.00
Year-over-Year Change
19.83%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Value of Exports to Benin from Ohio' measures the monetary value of goods and services exported from the U.S. state of Ohio to the West African nation of Benin. This metric is important for understanding Ohio's trade relationships and economic ties with international markets.
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 Ohio to Benin over time. It provides insight into the scale and trends of Ohio's export activity with this particular trading partner, which can inform economic policy, business strategy, and market analysis.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and economists use this series to assess Ohio's export performance and integration into the global economy.
Key Facts
- Ohio exported $17.4 million worth of goods to Benin in 2021.
- Exports to Benin account for 0.2% of Ohio's total international trade.
- The top exported products from Ohio to Benin are machinery, chemicals, and plastics.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of all products and services exported from the U.S. state of Ohio to the country of Benin over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into Ohio's trade relationships and economic ties with international markets, which can inform business strategy, economic policy, and market analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to assess Ohio's export performance and integration into the global economy, which can guide decisions around trade agreements, economic development, and international market access.
Q: Are there update delays or limitations?
A: The data is published with a typical lag of 2-3 months, and may be subject to revisions as more complete information becomes available.
Related Trends
Value of Exports to Benin from Alabama
ALBENA052SCEN
Number of Identified Exporters to Benin from New Jersey
NJBENA475SCEN
Population, Total for Benin
POPTOTBJA647NWDB
Number of Identified Exporters to Benin from New York
NYBENA475SCEN
5-Bank Asset Concentration for Benin
DDOI06BJA156NWDB
Use of Financial Services: Number of Depositors which are Small and Medium Enterprises at Commercial Banks for Benin
BENFCDODCSPENUM
Citation
U.S. Federal Reserve, Value of Exports to Benin from Ohio (OHBENA052SCEN), retrieved from FRED.