Value of Exports to Ecuador from Utah
UTECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,372,122.00
Year-over-Year Change
464.01%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ecuador from Utah' series measures the total value of goods and services exported from the U.S. state of Utah to the country of Ecuador. This metric is important for economists and policymakers to understand trade patterns and assess the health of state-level export activity.
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 all products and services that originate in Utah and are sold to customers in Ecuador. It provides insight into the trade relationship between the two regions and can signal changes in demand, competitiveness, and economic interdependence.
Methodology
The data is collected through surveys of businesses and trade records by the U.S. Census Bureau.
Historical Context
Policy analysts and market researchers use this series to evaluate Utah's export performance and competitiveness in the Ecuadorian market.
Key Facts
- Utah's exports to Ecuador totaled $52 million in 2022.
- The top exported goods from Utah to Ecuador are machinery, chemicals, and agricultural products.
- Ecuador is Utah's 37th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the U.S. state of Utah to the country of Ecuador.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Utah and Ecuador, which is important for understanding regional economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and trade records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policy analysts and market researchers use this series to evaluate Utah's export performance and competitiveness in the Ecuadorian market.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag.
Related Trends
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ECUFCLOFIXDC
General Government Net Lending/Borrowing for Ecuador
ECUGGXCNLGDP
Use of Financial Services: Number of Deposit Accounts at Deposit Taking Microfinance Institutions (MFIs) for Ecuador
ECUFCAODMFNUM
Percentage of Foreign Bank Assets Among Total Bank Assets for Ecuador
DDOI14ECA156NWDB
H-Statistic in Banking Market for Ecuador
DDOI03ECA066NWDB
Number of Identified Exporters to Ecuador from District of Columbia
DCECUA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Ecuador from Utah (UTECUA052SCEN), retrieved from FRED.