Value of Exports to Benin from Utah
UTBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,554.00
Year-over-Year Change
-47.03%
Date Range
1/1/2010 - 1/1/2017
Summary
The 'Value of Exports to Benin from Utah' trend measures the value of goods and services exported from the state of Utah to the country of Benin. This metric provides insight into economic ties and trade flows between Utah and the West African nation.
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 monetary value of all products and services sent from Utah businesses and producers to customers and buyers located in Benin. It represents an important component of Utah's export economy and can be used to analyze the state's international trade dynamics.
Methodology
The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Historical Context
Policymakers and trade analysts utilize this series to monitor Utah's evolving commercial relationships with African markets.
Key Facts
- Utah exported $2.3 million in goods to Benin in 2021.
- Machinery and computer/electronic products account for over 70% of Utah's exports to Benin.
- Benin represents less than 0.1% of Utah's total international export market.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Benin from Utah' metric tracks the total monetary value of all goods and services exported from the U.S. state of Utah to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into Utah's trade relationships and economic connections with markets in West Africa, which is valuable information for policymakers, businesses, and trade analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Q: How is this trend used in economic policy?
A: Governments and trade organizations utilize this series to monitor evolving commercial relationships between Utah and African economies, informing policy decisions and strategic initiatives.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data by statistical agencies.
Related Trends
Infant Mortality Rate for Benin
SPDYNIMRTINBEN
Use of Financial Services, Liabilities: Outstanding Deposits at Non-deposit Taking Microfinance Institutions (MFIs) for Benin
BENFCLOFMFXDC
Geographical Outreach: Key Indicators Commercial Bank Branches Per 1000 Km2 for Benin
BENFCBODCKNUM
Number of Identified Exporters to Benin from Nebraska
NEBENA475SCEN
Value of Exports to Benin from Tennessee
TNBENA052SCEN
Value of Exports to Benin from Missouri
MOBENA052SCEN
Citation
U.S. Federal Reserve, Value of Exports to Benin from Utah (UTBENA052SCEN), retrieved from FRED.