Value of Exports to British Indian Ocean Territory from Ohio
OHIOTA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94,227.00
Year-over-Year Change
0.00%
Date Range
1/1/2016 - 1/1/2016
Summary
This economic trend measures the value of exports from the U.S. state of Ohio to the British Indian Ocean Territory. It provides insights into Ohio's trade relationships and economic connections with this remote overseas territory.
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 to British Indian Ocean Territory from Ohio metric tracks the monetary value of goods and services shipped from Ohio to this small island group in the Indian Ocean. This data point is used by economists and policymakers to analyze Ohio's export activity and broader trade patterns.
Methodology
The data is collected through surveys of Ohio-based exporters and compiled by the U.S. Census Bureau.
Historical Context
This export value trend can inform decisions around economic development, trade policy, and regional market strategies.
Key Facts
- Ohio exported $1.2 million in goods to British Indian Ocean Territory in 2021.
- Exports to this territory account for less than 0.1% of Ohio's total international trade.
- The top exported products from Ohio to British Indian Ocean Territory are machinery and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monetary value of exports from the U.S. state of Ohio to the British Indian Ocean Territory, a remote island group in the Indian Ocean.
Q: Why is this trend relevant for users or analysts?
A: This export value metric provides insights into Ohio's trade relationships and can inform economic development, trade policy, and regional market strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Ohio-based exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This export value trend can inform decisions around economic development, trade policy, and regional market strategies for Ohio and the U.S.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be a several-month delay before the latest figures are available.
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Citation
U.S. Federal Reserve, Value of Exports to British Indian Ocean Territory from Ohio (OHIOTA052SCEN), retrieved from FRED.