Value of Exports to Romania from Utah
UTROUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,602,270.00
Year-over-Year Change
1989.50%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Romania from Utah' series measures the total value of goods and services exported from the U.S. state of Utah to Romania. This statistic is relevant for understanding trade flows and economic relationships between 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
This metric tracks the dollar value of all products and services shipped from businesses in Utah to customers or partners in Romania. It provides insight into the commercial activity and trade balance between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Policymakers and market analysts use this series to assess Utah's export performance and competitiveness in the Romanian market.
Key Facts
- Utah's exports to Romania were valued at $52 million in the latest year.
- Machinery and computer equipment make up the largest category of Utah's exports to Romania.
- Romania is Utah's 28th largest export destination worldwide.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the U.S. state of Utah to Romania.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship and commercial activity between Utah and Romania, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess Utah's export performance and competitiveness in the Romanian market.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and publication by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Romania from Utah (UTROUA052SCEN), retrieved from FRED.