Number of Identified Exporters to Saudi Arabia from Tennessee
TNSAUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
250.00
Year-over-Year Change
47.06%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Saudi Arabia from Tennessee' series tracks the count of businesses based in Tennessee that export goods to Saudi Arabia. This metric provides insight into the trade relationship between Tennessee and a key international market.
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 indicator measures the number of exporters in Tennessee that ship goods to Saudi Arabia. It offers a view into the scale and activity of Tennessee's export economy, specifically the state's commercial ties with the Saudi Arabian market.
Methodology
The data is collected through customs and trade declarations filed by Tennessee-based businesses.
Historical Context
Policymakers and trade analysts monitor this trend to assess Tennessee's global export competitiveness.
Key Facts
- Tennessee exported $336 million in goods to Saudi Arabia in 2021.
- The number of Tennessee exporters to Saudi Arabia has grown by 15% over the past 5 years.
- Machinery and transportation equipment are Tennessee's top exports to Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of businesses based in Tennessee that export goods to Saudi Arabia. It provides insight into the scale of Tennessee's export economy with this key international market.
Q: Why is this trend relevant for users or analysts?
A: The number of Tennessee exporters to Saudi Arabia is an important metric for assessing the state's global trade competitiveness and the health of its export-driven economy.
Q: How is this data collected or calculated?
A: The data is collected through customs and trade declarations filed by Tennessee-based businesses when exporting goods to Saudi Arabia.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts monitor this indicator to understand Tennessee's engagement with the Saudi Arabian market and inform strategies to support the state's export-driven economic growth.
Q: Are there update delays or limitations?
A: The data is published with a 3-month lag, so the most recent figures may not reflect the latest trade environment. The indicator also does not capture all small or informal exporters.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Saudi Arabia from Tennessee (TNSAUA475SCEN), retrieved from FRED.