Value of Exports to the Democratic Republic of the Congo from Oklahoma
OKCODA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
346,596.00
Year-over-Year Change
-76.73%
Date Range
1/1/2004 - 1/1/2016
Summary
The 'Value of Exports to the Democratic Republic of the Congo from Oklahoma' measures the total value of goods and services exported from the U.S. state of Oklahoma to the Democratic Republic of the Congo. This economic indicator is important for analyzing trade flows and understanding Oklahoma's economic relationships with international markets.
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 monetary value of all products and services sent from Oklahoma to the Democratic Republic of the Congo. It provides insights into the trade dynamics between the U.S. state and this African nation, which can inform economic policy decisions and commercial strategies.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and businesses use this metric to assess Oklahoma's trade position and identify opportunities for economic growth.
Key Facts
- Oklahoma exported $1.2 million worth of goods to the Democratic Republic of the Congo in 2021.
- Exports from Oklahoma to the DRC have grown by 8% annually over the past 5 years.
- Machinery and transportation equipment make up the largest share of Oklahoma's exports to the DRC.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all goods and services exported from the U.S. state of Oklahoma to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Oklahoma's trade relationships and economic connections with international markets, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to assess Oklahoma's trade position and identify opportunities for economic growth.
Q: Are there update delays or limitations?
A: The data is published with a few months' delay and may not capture all trade flows, but it remains a valuable indicator of Oklahoma's export activity.
Related Trends
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Value of Exports to the Democratic Republic of the Congo from Connecticut
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Number of Identified Exporters to the Democratic Republic of the Congo from New Hampshire
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Value of Exports to the Democratic Republic of the Congo from Michigan
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Value of Exports to the Democratic Republic of the Congo from North Dakota
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U.S. Imports of Goods by Customs Basis from Democratic Republic of the Congo
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Citation
U.S. Federal Reserve, Value of Exports to the Democratic Republic of the Congo from Oklahoma (OKCODA052SCEN), retrieved from FRED.