Number of Identified Exporters to Canada from Utah
UTCANA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,199.00
Year-over-Year Change
48.02%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Canada from Utah' series tracks the count of Utah-based companies that export goods and services to Canada. This metric provides insight into trade flows and economic integration between the two markets.
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 number of exporters located in Utah that sell products or services to Canadian customers. It is a key indicator of cross-border commercial activity and can signal changes in trade patterns or competitiveness for Utah businesses.
Methodology
The data is collected by the U.S. Census Bureau through surveys of U.S. companies engaged in international trade.
Historical Context
Policymakers and market analysts use this data to assess Utah's export performance and economic ties with Canada.
Key Facts
- Utah exported over $5 billion in goods to Canada in 2021.
- Canada is Utah's largest export market, accounting for 25% of total state exports.
- The number of Utah exporters to Canada has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of businesses located in Utah that sell products or services to customers in Canada. It provides a count of exporting companies rather than the total export value.
Q: Why is this trend relevant for users or analysts?
A: The number of Utah exporters to Canada is an important indicator of the state's trade relationships and economic integration with its largest foreign market. It signals the scale and competitiveness of Utah businesses in the Canadian marketplace.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of companies engaged in international trade activities.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this data to assess Utah's export performance, identify growth opportunities, and evaluate the impacts of trade policies on the state's businesses.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months. There may also be limitations in fully capturing all exporting companies, especially smaller or informal businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Canada from Utah (UTCANA475SCEN), retrieved from FRED.