Value of Exports to Senegal from Oklahoma
OKSENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127,200.00
Year-over-Year Change
-71.07%
Date Range
1/1/2002 - 1/1/2014
Summary
The 'Value of Exports to Senegal from Oklahoma' trend measures the total dollar value of goods and services exported from the U.S. state of Oklahoma to the West African nation of Senegal. This metric is crucial for analyzing trade relationships and economic interdependence 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 series tracks the flow of exports originating in Oklahoma that are destined for Senegal. It provides insight into the commercial activity and trade balance between the two economies, which can inform policy decisions and business strategies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies and customs declarations.
Historical Context
Policymakers and market analysts use this trend to gauge the strength of commercial ties and identify opportunities or risks in the Oklahoma-Senegal trade corridor.
Key Facts
- Oklahoma's exports to Senegal were valued at $12.5 million in 2021.
- Machinery and transportation equipment account for over 60% of Oklahoma's exports to Senegal.
- Trade between Oklahoma and Senegal has grown by an average of 8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the U.S. state of Oklahoma to the country of Senegal.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the commercial relationship and trade flows between Oklahoma and Senegal, which is useful for policymakers, businesses, and economists analyzing regional economic integration and interdependence.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to gauge the strength of commercial ties and identify opportunities or risks in the Oklahoma-Senegal trade corridor, which can inform trade agreements, investment decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of this data due to the time required for collection and processing by statistical agencies.
Related Trends
Use of Financial Services: Key Indicators, Small and Medium Enterprises (SME) Depositors with Commercial Banks (% of Non-financial Corporation Depositors with Commercial Banks) for Senegal
SENFCDODCSPNUM
Total Expenditure of General Government for Senegal
SENGGXG01GDPPT
Number of Identified Exporters to Senegal from Tennessee
TNSENA475SCEN
Use of Financial Services: Key Indicators, Household Depositors with Commercial Banks Per 1000 Adults for Senegal
SENFCDODCHANUM
Bank Capital to Total Assets for Senegal
DDSI03SNA156NWDB
Gross Domestic Product for Senegal
MKTGDPSNA646NWDB
Citation
U.S. Federal Reserve, Value of Exports to Senegal from Oklahoma (OKSENA052SCEN), retrieved from FRED.