Value of Exports to Hong Kong from Utah
UTHKGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
355,807,893.00
Year-over-Year Change
552.98%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Hong Kong from Utah' measures the total value of goods and services exported from the state of Utah to Hong Kong. This metric is important for economists and policymakers to understand Utah's trade relationships and economic integration with global 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 economic trend represents the monetary value of all products and services shipped from businesses located in Utah to consumers and businesses in Hong Kong. It provides insight into the trade flows and commercial ties between the state and this major global trade hub.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers use this metric to evaluate Utah's export performance and competitiveness in Asian markets.
Key Facts
- Utah exported over $600 million in goods to Hong Kong in 2021.
- Hong Kong is Utah's 5th largest export market globally.
- Computer and electronic products make up over 50% of Utah's exports to Hong Kong.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Hong Kong from Utah' measures the total monetary value of goods and services exported from businesses in Utah to consumers and companies located in Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into Utah's trade relationships and economic integration with global markets, particularly in Asia. It helps policymakers and businesses evaluate the state's export performance and competitiveness.
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 use this metric to assess Utah's export performance and competitiveness in Asian markets, which informs trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but may have a 1-2 month delay before being made publicly available.
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Real Broad Effective Exchange Rate for Hong Kong SAR
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Citation
U.S. Federal Reserve, Value of Exports to Hong Kong from Utah (UTHKGA052SCEN), retrieved from FRED.