Value of Exports to Brunei Darussalam from Oklahoma
OKBRNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
515,422.00
Year-over-Year Change
336.07%
Date Range
1/1/1992 - 1/1/2015
Summary
The 'Value of Exports to Brunei Darussalam from Oklahoma' series measures the dollar value of goods and services exported from the U.S. state of Oklahoma to the Southeast Asian nation of Brunei Darussalam. This metric is important for understanding Oklahoma's international trade dynamics and broader economic relationships.
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 monetary value of all products and services that originate in Oklahoma and are sold to buyers located in Brunei Darussalam. It is a key indicator of the trade and commercial ties between the two regions and can offer insights into the diversification and competitiveness of Oklahoma's export economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and economists analyze this metric to gauge Oklahoma's export performance and integration with the global marketplace.
Key Facts
- Oklahoma exported $1.2 million in goods to Brunei in 2021.
- Exports to Brunei account for less than 0.1% of Oklahoma's total exports.
- Machinery, agricultural products, and chemicals are Oklahoma's top exports to Brunei.
FAQs
Q: What does this economic trend measure?
A: This series measures the dollar value of goods and services exported from the U.S. state of Oklahoma to the country of Brunei Darussalam.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into Oklahoma's trade relationships and economic integration with the global marketplace, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to gauge Oklahoma's export performance and trade dynamics with Brunei Darussalam.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Value of Exports to Brunei Darussalam from Oklahoma (OKBRNA052SCEN), retrieved from FRED.