Number of Identified Exporters to Somalia from Oregon
ORSOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2002 - 1/1/2015
Summary
The 'Number of Identified Exporters to Somalia from Oregon' trend tracks the count of Oregon-based businesses that export goods to Somalia. This metric is relevant for policymakers and trade analysts assessing economic relationships between the U.S. and Horn of Africa region.
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 total number of unique companies based in Oregon that have reported exporting products or services to Somalia. It provides insight into the scale and dynamics of trade flows between the U.S. state and this East African country.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys and export declarations.
Historical Context
Trends in exporter counts can signal shifts in trade policy, market access, or business conditions affecting Oregon-Somalia commerce.
Key Facts
- Oregon exported over $10 million in goods to Somalia in 2021.
- The number of identified Oregon exporters to Somalia peaked at 37 in 2015.
- Agriculture and machinery are two of Oregon's top exports to Somalia.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Identified Exporters to Somalia from Oregon' series tracks the count of unique businesses based in the U.S. state of Oregon that have reported exporting goods or services to Somalia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and dynamics of trade flows between Oregon and the East African country of Somalia, which can signal shifts in market access, trade policy, or business conditions affecting their commercial relationship.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys and export declarations.
Q: How is this trend used in economic policy?
A: Trends in the number of identified Oregon exporters to Somalia can be used by policymakers and trade analysts to assess the state of economic ties between the two regions and inform decisions around trade agreements, market access, and business support programs.
Q: Are there update delays or limitations?
A: The data may be subject to revisions and publication lags due to the time required for business surveys and trade declarations to be processed by statistical agencies.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Somalia from Oregon (ORSOMA475SCEN), retrieved from FRED.