Number of Identified Exporters to Germany from Utah
UTDEUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
332.00
Year-over-Year Change
30.20%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend tracks the number of identified exporters from the U.S. state of Utah to Germany. It provides insights into the cross-border trade and economic ties between Utah and the German 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
The Number of Identified Exporters to Germany from Utah is a key indicator of the exporting activity and economic integration between Utah and the German economy. It offers policymakers and analysts a quantitative view of the commercial relationships and market access for Utah-based companies.
Methodology
The data is collected through customs and trade reporting by the U.S. Census Bureau.
Historical Context
This trend is used to assess the competitiveness and growth of Utah's export sector, as well as the health of bilateral economic ties with Germany.
Key Facts
- Utah was the 10th largest exporting state in the U.S. in 2021.
- Germany is Utah's 4th largest export destination.
- Over 1,100 companies in Utah exported goods to Germany in 2022.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of identified exporting companies based in the U.S. state of Utah that export goods to Germany.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the strength of Utah's export sector and the state's economic ties with the German market, which is important for assessing trade dynamics and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs and trade reporting.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to evaluate the health of Utah's export economy and inform decisions around trade, economic development, and international market access.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Census Bureau, but there may be a several month delay in the most recent figures.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Germany from Utah (UTDEUA475SCEN), retrieved from FRED.