Value of Exports to United Kingdom from Utah
UTGBRA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,404,518,652.00
Year-over-Year Change
245.92%
Date Range
1/1/1992 - 1/1/2014
Summary
The 'Value of Exports to United Kingdom from Utah' trend measures the dollar value of goods exported from the state of Utah to the United Kingdom. This metric is important for economists and policymakers to understand trade flows and regional economic 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 series tracks the total value of merchandise exports originating from Utah and destined for the United Kingdom. It provides insight into the commercial relationship between the state and this major trading partner, which can inform economic development strategies and trade policy discussions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters.
Historical Context
Policymakers and analysts use this metric to assess Utah's export performance and competitiveness in the global marketplace.
Key Facts
- Utah exported $1.2 billion worth of goods to the UK in 2021.
- Exports to the UK account for 5% of Utah's total international trade.
- Machinery and computer/electronic products are Utah's top exports to the UK.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to United Kingdom from Utah' measures the total dollar value of merchandise exports originating from the state of Utah and destined for the United Kingdom.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial relationship between Utah and one of its major trading partners, the UK, which can inform economic development strategies and trade policy discussions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Utah's export performance and competitiveness in the global marketplace, which can inform decisions about trade agreements, export promotion programs, and other economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month lag in reporting the most recent figures.
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Citation
U.S. Federal Reserve, Value of Exports to United Kingdom from Utah (UTGBRA052SCEN), retrieved from FRED.