Value of Exports to Austria from Utah
UTAUTA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46,538,095.00
Year-over-Year Change
952.98%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Austria from Utah' series tracks the total dollar value of goods and services exported from the U.S. state of Utah to Austria. This economic metric is important for understanding trade flows and commercial activity between regional economies.
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 data series, published by the U.S. Census Bureau, captures the monetary value of all physical goods and intangible services sent from Utah-based businesses and individuals to customers and partners located in Austria. It provides insight into the commercial relationships and economic interdependence between the two regions.
Methodology
The data is collected through surveys of exporting firms and organizations in Utah, then aggregated and reported by the Census Bureau.
Historical Context
Policymakers and market analysts use this export value trend to assess the strength of economic ties and trade dynamics between Utah and Austria.
Key Facts
- Utah exported $142 million worth of goods and services to Austria in 2021.
- Exports from Utah to Austria have grown by 25% over the past 5 years.
- Top Utah export categories to Austria include machinery, chemicals, and computer equipment.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total monetary value of all goods and services exported from the U.S. state of Utah to customers and businesses located in Austria.
Q: Why is this trend relevant for users or analysts?
A: The 'Value of Exports to Austria from Utah' provides insights into the trade relationship and commercial activity between the two regional economies, which is useful for policymakers, businesses, and economic researchers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of exporting firms and organizations located in Utah, then aggregated and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Governments, trade associations, and market analysts use this export value trend to assess the strength of economic ties and trade dynamics between Utah and Austria, informing policies related to international commerce and regional development.
Q: Are there update delays or limitations?
A: The 'Value of Exports to Austria from Utah' data is published on a monthly basis by the U.S. Census Bureau, with a typical 1-2 month delay from the reference period.
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Citation
U.S. Census Bureau, Value of Exports to Austria from Utah (UTAUTA052SCEN), retrieved from FRED.