Value of Exports to Barbados from Ohio
OHBRBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,995,672.00
Year-over-Year Change
79.37%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Barbados from Ohio' trend measures the value of goods and services exported from the U.S. state of Ohio to the island nation of Barbados. This metric provides insight into economic ties and trade flows between the two regions.
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 shipped from Ohio businesses to Barbados. It is an important indicator of the commercial relationship and economic integration between the state and the Caribbean country.
Methodology
The data is collected through surveys of Ohio exporters and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and economists analyze this trend to understand regional trade patterns and the impact of factors like exchange rates, trade agreements, and economic conditions.
Key Facts
- Ohio is a major exporter to Barbados, a Caribbean island nation.
- Exports from Ohio to Barbados totaled over $25 million in 2021.
- The top Ohio exports to Barbados include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Barbados from Ohio' series tracks the dollar value of all goods and services exported from the U.S. state of Ohio to the Caribbean nation of Barbados.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial relationship and trade flows between Ohio and Barbados, which is valuable for policymakers, businesses, and economists analyzing regional economic integration and performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Ohio exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to understand regional trade patterns and the impact of factors like exchange rates, trade agreements, and economic conditions on exports from Ohio to Barbados.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a 1-2 month lag, so it may not reflect the most current trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Barbados from Ohio (OHBRBA052SCEN), retrieved from FRED.