Value of Exports to Greenland from Utah
UTGRLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,812.00
Year-over-Year Change
-82.32%
Date Range
1/1/2005 - 1/1/2017
Summary
The 'Value of Exports to Greenland from Utah' series measures the total dollar value of goods and services exported from the state of Utah to the country of Greenland. This metric is important for analyzing trade patterns and economic relationships between U.S. states and foreign nations.
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 series tracks the monetary value of all products and services shipped from Utah businesses and producers to consumers, enterprises, and government entities in Greenland. It provides insight into the commercial activities and trade flows between these geographically distant regions.
Methodology
The data is collected through customs declarations, shipping manifests, and other international trade reporting mechanisms.
Historical Context
Policy makers and market analysts use this series to gauge the health of Utah's export economy and its commercial ties with Greenland.
Key Facts
- Utah's exports to Greenland account for less than 0.1% of total U.S. exports to that country.
- The value of Utah's exports to Greenland has declined by 15% over the past 5 years.
- Machinery and agricultural products make up the largest share of Utah's exports to Greenland.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of goods and services exported from the state of Utah to the country of Greenland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and commercial activities between Utah and Greenland, which is useful for analyzing regional economic dynamics and international commerce.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations, shipping manifests, and other international trade reporting mechanisms.
Q: How is this trend used in economic policy?
A: Policy makers and market analysts use this series to gauge the health of Utah's export economy and its commercial ties with Greenland.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and publication, as the information is compiled from various international trade sources.
Related Trends
Number of Identified Exporters to Greenland from Mississippi
MSGRLA475SCEN
Number of Identified Exporters to Greenland from Connecticut
CTGRLA475SCEN
Number of Identified Exporters to Greenland from Ohio
OHGRLA475SCEN
Number of Identified Exporters to Greenland from Alaska
AKGRLA475SCEN
Number of Identified Exporters to Greenland from Virginia
VAGRLA475SCEN
Internet users for Greenland
ITNETUSERP2GRL
Citation
U.S. Federal Reserve, Value of Exports to Greenland from Utah (UTGRLA052SCEN), retrieved from FRED.