Value of Exports to United Arab Emirates from Pennsylvania
PAAREA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
446,855,939.00
Year-over-Year Change
488.62%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Arab Emirates from Pennsylvania' series measures the total value of goods and services exported from Pennsylvania to the United Arab Emirates. This metric is an important indicator of Pennsylvania's economic ties and trade 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 dollar value of all physical goods and intangible services exported from the state of Pennsylvania to the United Arab Emirates. It provides insight into the scale and trends of Pennsylvania's export activity to this key Middle Eastern trading partner.
Methodology
The data is collected through surveys of businesses and individuals engaged in exporting activities.
Historical Context
This export value metric is utilized by policymakers, trade analysts, and businesses to assess Pennsylvania's trade competitiveness and economic integration with global markets.
Key Facts
- Pennsylvania exported $382 million in goods and services to UAE in 2021.
- Exports to UAE account for 1.2% of Pennsylvania's total international exports.
- The top Pennsylvania exports to UAE include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the state of Pennsylvania to the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: This export value metric provides insight into Pennsylvania's economic integration and trade relationship with a key international market, which is valuable information for policymakers, businesses, and trade analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and individuals engaged in exporting activities from Pennsylvania.
Q: How is this trend used in economic policy?
A: This export value trend is utilized by policymakers to assess Pennsylvania's trade competitiveness and inform decisions related to international economic development and trade agreements.
Q: Are there update delays or limitations?
A: The data is published with a several month lag, and may not capture all exporting activity due to limitations in the survey methodology.
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Citation
U.S. Federal Reserve, Value of Exports to United Arab Emirates from Pennsylvania (PAAREA052SCEN), retrieved from FRED.