Value of Exports to Iraq from Texas
TXIRQA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
264,561,877.00
Year-over-Year Change
9.17%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Iraq from Texas' economic trend measures the total value of goods and services exported from the state of Texas to Iraq. This data is crucial for analyzing trade dynamics and the economic relationship between Texas and a key Middle Eastern 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 series represents the dollar value of all merchandise exported from Texas to Iraq in a given time period. It is an important indicator of the strength of the trade partnership between the two economies and can inform policy decisions related to international commerce and regional economic development.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declaration forms.
Historical Context
Policymakers and market analysts use this trend to assess the health of Texas-Iraq trade and its impact on the broader state and national economies.
Key Facts
- Texas is the largest exporting state in the U.S.
- Iraq is an important trading partner for many U.S. states, including Texas.
- Exports to Iraq support thousands of jobs in the Texas economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the state of Texas to Iraq in a given time period.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for analyzing trade dynamics and the economic relationship between Texas and a key Middle Eastern market, which can inform policy decisions related to international commerce and regional economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs declaration forms.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the health of Texas-Iraq trade and its impact on the broader state and national economies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and methodological approaches of the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Iraq from Texas (TXIRQA052SCEN), retrieved from FRED.