Value of Exports to Costa Rica from Ohio
OHCRIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
66,162,620.00
Year-over-Year Change
71.01%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Costa Rica from Ohio' measures the total value of goods exported from the U.S. state of Ohio to Costa Rica. This data provides insights into trade patterns and economic ties between Ohio and Costa Rica.
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 represents the dollar value of merchandise exports from Ohio to Costa Rica. It is a key metric for analyzing the commercial relationship between the two economies and can indicate shifts in trade flows, production, and supply chain integration.
Methodology
The data is compiled by the U.S. Census Bureau based on export declarations filed by shippers.
Historical Context
Policy makers and businesses use this data to assess regional trade dynamics and guide economic strategies.
Key Facts
- Ohio is a major exporting state, ranking 7th nationally in export value.
- Costa Rica is Ohio's 37th largest export market globally.
- Top Ohio exports to Costa Rica include machinery, electrical equipment, and plastics.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of merchandise goods exported from the U.S. state of Ohio to Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between Ohio and Costa Rica, which can inform economic strategies, investment decisions, and policy analysis.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau based on export declaration forms filed by shippers.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess regional trade patterns, monitor the impacts of trade agreements, and guide policies affecting Ohio's export economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month lag. It may not capture all informal or unreported trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Costa Rica from Ohio (OHCRIA052SCEN), retrieved from FRED.