Value of Exports to Philippines from Oklahoma
OKPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,343,019.00
Year-over-Year Change
2.21%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Oklahoma' trend measures the total value of goods and services exported from the U.S. state of Oklahoma to the Philippines. This statistic is relevant for understanding regional trade patterns and the economic relationship between Oklahoma and the Philippines.
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 dollar value of all merchandise and services exported from Oklahoma to the Philippines. It provides insight into the scale and composition of Oklahoma's trade relationship with this important Asian trading partner. Economists and policymakers use this data to analyze regional export dynamics and the state's role in U.S. international commerce.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and other export sources.
Historical Context
The trend is useful for monitoring the health of Oklahoma's export sector and its connectivity to global markets.
Key Facts
- Oklahoma exported $251 million in goods and services to the Philippines in 2021.
- Machinery and transportation equipment are Oklahoma's top exports to the Philippines.
- The Philippines is Oklahoma's 18th largest export destination worldwide.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Philippines from Oklahoma' measures the total dollar value of all goods and services exported from the U.S. state of Oklahoma to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides insight into the economic relationship between Oklahoma and the Philippines, which is useful for understanding regional trade patterns and the health of Oklahoma's export sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and other export sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze Oklahoma's role in U.S. international commerce and monitor the state's connectivity to global markets.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several months, so there may be delays in reflecting the most recent trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Oklahoma (OKPHLA052SCEN), retrieved from FRED.