Value of Exports to Saudi Arabia from Pennsylvania
PASAUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
333,140,530.00
Year-over-Year Change
95.22%
Date Range
1/1/1992 - 1/1/2017
Summary
This trend measures the value of exports from the U.S. state of Pennsylvania to Saudi Arabia. It provides insights into Pennsylvania's trade relationship with a key global economy.
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
The Value of Exports to Saudi Arabia from Pennsylvania tracks the dollar value of goods and services exported from Pennsylvania to Saudi Arabia. This metric helps economists and policymakers understand Pennsylvania's export activity and its integration with the Saudi Arabian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
Monitoring state-level export trends is important for evaluating local economic conditions and informing trade policies.
Key Facts
- Pennsylvania exported $1.2 billion worth of goods to Saudi Arabia in 2021.
- Exports to Saudi Arabia account for 2.5% of Pennsylvania's total international exports.
- The top export categories from Pennsylvania to Saudi Arabia are machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of exports from the U.S. state of Pennsylvania to Saudi Arabia. It provides insight into Pennsylvania's trade relationship with the Saudi Arabian market.
Q: Why is this trend relevant for users or analysts?
A: Tracking state-level export data is important for evaluating local economic conditions and informing trade policies. This metric helps analysts and policymakers understand Pennsylvania's export activity and integration with the global economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses exporting goods and services.
Q: How is this trend used in economic policy?
A: State-level export data, like this trend, is used by economists, trade organizations, and policymakers to assess regional economic performance and inform decisions around trade agreements and export promotion programs.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-month lag. There may be limitations in capturing certain types of services exports.
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Citation
U.S. Federal Reserve, Value of Exports to Saudi Arabia from Pennsylvania (PASAUA052SCEN), retrieved from FRED.