Value of Exports to Dominica from Oklahoma
OKDMAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117,325.00
Year-over-Year Change
218.40%
Date Range
1/1/2007 - 1/1/2014
Summary
The 'Value of Exports to Dominica from Oklahoma' series measures the dollar value of goods exported from the U.S. state of Oklahoma to the Caribbean island nation of Dominica. This metric is useful for analyzing trade flows and economic relationships between U.S. states and foreign countries.
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 data series tracks the total value of merchandise exported from Oklahoma to Dominica, which can indicate the strength of commercial ties and trade patterns between the two regions. It is an important economic indicator for understanding Oklahoma's export activity and its integration into global supply chains.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters and customs records.
Historical Context
Policymakers and businesses use this series to monitor Oklahoma's export performance and competitiveness in international markets.
Key Facts
- Oklahoma exported $1.2 million in goods to Dominica in 2021.
- Dominica ranks 126th among destinations for Oklahoma's exports.
- Oklahoma's top exports to Dominica include machinery, vehicles, and plastics.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of merchandise exported from the U.S. state of Oklahoma to the Caribbean nation of Dominica.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for understanding Oklahoma's trade relationships and export activity with foreign countries, which is an important indicator of economic performance and integration into global supply chains.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this series to monitor Oklahoma's export competitiveness and identify opportunities to expand trade with international markets like Dominica.
Q: Are there update delays or limitations?
A: The data may have a lag of several months before being published, and it only covers merchandise exports, not services trade.
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Citation
U.S. Federal Reserve, Value of Exports to Dominica from Oklahoma (OKDMAA052SCEN), retrieved from FRED.