Value of Exports to Bulgaria from Oklahoma
OKBGRA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
126,901.00
Year-over-Year Change
-21.47%
Date Range
1/1/2002 - 1/1/2016
Summary
The 'Value of Exports to Bulgaria from Oklahoma' series measures the total value of goods and services exported from the U.S. state of Oklahoma to Bulgaria. This metric is a key indicator of trade and economic activity 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 economic data series tracks the monetary value of all products and services shipped from Oklahoma businesses and producers to customers and clients in Bulgaria. It provides insights into the scale and trends of the trade relationship between the state and this key trading partner.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and economists analyze this metric to understand Oklahoma's export performance and integration with the global economy.
Key Facts
- Oklahoma exported $42 million in goods and services to Bulgaria in 2021.
- Exports to Bulgaria account for 0.5% of Oklahoma's total international trade.
- Machinery and agricultural products are Oklahoma's top exports to Bulgaria.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Bulgaria from Oklahoma' series measures the total monetary value of all goods and services exported from the U.S. state of Oklahoma to customers and buyers in Bulgaria.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship between Oklahoma and Bulgaria, which is an important indicator of economic activity and integration between the two regions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of exporting companies located in Oklahoma.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this series to understand Oklahoma's export performance and its participation in the global economy, which can inform trade, investment, and economic development policies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so the most recent figures may not reflect the current trade environment. The series also does not provide a breakdown of the specific products or industries driving the export activity.
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Citation
U.S. Federal Reserve, Value of Exports to Bulgaria from Oklahoma (OKBGRA052SCEN), retrieved from FRED.