Value of Exports to Albania from Utah
UTALBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
189,046.00
Year-over-Year Change
-31.87%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Value of Exports to Albania from Utah' trend measures the total dollar value of goods and services exported from the U.S. state of Utah to the country of Albania. This provides insight into trade and economic ties between the two regions.
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 tracks the dollar value of merchandise and services sent from Utah-based producers and companies to Albanian buyers and consumers. It is used by economists, trade analysts, and policymakers to understand the commercial relationship and trade flows between Utah and Albania.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
This export value metric informs discussions around U.S. state-level trade policy and regional economic development.
Key Facts
- Utah's exports to Albania totaled $2.4 million in 2021.
- The top export categories from Utah to Albania are machinery, computers, and transportation equipment.
- Albania ranks 124th among destinations for Utah's international exports.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Albania from Utah' measures the total dollar value of goods and services exported from the U.S. state of Utah to the country of Albania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade and economic relationship between Utah and Albania, which is useful for policymakers, economists, and businesses interested in regional trade flows.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: This export value metric informs discussions around U.S. state-level trade policy and regional economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a few months' lag and may not capture all export activity due to limitations in survey coverage.
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Citation
U.S. Federal Reserve, Value of Exports to Albania from Utah (UTALBA052SCEN), retrieved from FRED.