Value of Exports to Norway from Utah
UTNORA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,018,258.00
Year-over-Year Change
71.70%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Utah to Norway. It provides insights into trade flows and economic relationships between the two regions.
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
The 'Value of Exports to Norway from Utah' series tracks the dollar value of goods and services exported from Utah to Norway. This metric is used by economists and policymakers to analyze trade patterns, identify growth opportunities, and assess the economic interdependence between Utah and its international trading partners.
Methodology
The data is collected and published by the U.S. Census Bureau through its State Export Data program.
Historical Context
Analyzing trends in Utah's exports to Norway can inform trade negotiations, investment decisions, and economic development strategies.
Key Facts
- Utah exported $305 million worth of goods and services to Norway in 2021.
- Norway is Utah's 12th largest export destination.
- Machinery, computer and electronic products, and chemicals are Utah's top exports to Norway.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Utah to Norway, providing insights into trade flows between the two regions.
Q: Why is this trend relevant for users or analysts?
A: Analyzing Utah's exports to Norway can help identify growth opportunities, assess economic interdependence, and inform trade, investment, and economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through its State Export Data program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to understand trade patterns, inform trade negotiations, and develop strategies to support Utah's exporters and international economic relationships.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically a few months after the end of the reference period. There may also be limitations in capturing certain types of exports or trade in services.
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Citation
U.S. Federal Reserve, Value of Exports to Norway from Utah (UTNORA052SCEN), retrieved from FRED.