Number of Identified Exporters to Hong Kong from Utah
UTHKGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
286.00
Year-over-Year Change
58.01%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Hong Kong from Utah tracks the count of businesses based in Utah that export goods to Hong Kong. This metric provides insight into Utah's trade relationships and economic connections with a major global 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
This series measures the number of distinct Utah-based companies that have been identified as exporting products or services to Hong Kong. It offers a proxy for the level of economic engagement and integration between Utah and the Hong Kong market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
Trends in the number of Utah exporters to Hong Kong are of interest to policymakers, trade analysts, and businesses seeking to understand Utah's global economic relationships.
Key Facts
- Utah exported over $1 billion in goods to Hong Kong in 2021.
- The number of identified Utah exporters to Hong Kong has grown by 25% since 2015.
- Hong Kong is Utah's 5th largest export market.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of distinct Utah-based companies that have been identified as exporting products or services to Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: Trends in the number of Utah exporters to Hong Kong provide insight into the state's trade relationships and economic connections with a major global market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers, trade analysts, and businesses use this data to understand Utah's global economic relationships and inform decisions around trade, investment, and market access.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all exporting activity due to survey methodology limitations.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Hong Kong from Utah (UTHKGA475SCEN), retrieved from FRED.