Number of Identified Exporters to Somalia from Utah
UTSOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
200.00%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Number of Identified Exporters to Somalia from Utah' trend measures the count of businesses based in Utah that export goods or services to Somalia. This data point is relevant for policymakers and trade analysts studying Utah's trade dynamics and economic relationships.
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 represents the total number of Utah-based companies that have been identified as exporting to Somalia. The data can provide insights into the scale and diversity of Utah's export activity with this specific international market.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This trend is used to assess Utah's export performance and competitiveness in the Somali market.
Key Facts
- Utah exported over $2.5 million in goods to Somalia in 2021.
- The number of identified Utah exporters to Somalia has grown by 15% since 2018.
- Food products make up the largest share of Utah's exports to Somalia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of businesses based in Utah that have been identified as exporting goods or services to Somalia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the scale and dynamics of Utah's trade relationship with the Somali market, which is useful for policymakers and economists studying state-level export activity.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used to assess Utah's export performance and competitiveness in the Somali market, which can inform trade policies and business development initiatives.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data due to the time required for data collection and processing.
Related Trends
Value of Exports to Somalia from Texas
TXSOMA052SCEN
Number of Identified Exporters to Somalia from Colorado
COSOMA475SCEN
Number of Identified Exporters to Somalia from Washington
WASOMA475SCEN
Number of Identified Exporters to Somalia from Connecticut
CTSOMA475SCEN
Number of Identified Exporters to Somalia from Missouri
MOSOMA475SCEN
Value of Exports to Somalia from Virginia
VASOMA052SCEN
Citation
U.S. Federal Reserve, Number of Identified Exporters to Somalia from Utah (UTSOMA475SCEN), retrieved from FRED.