Value of Exports to Sweden from Utah
UTSWEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,418,123.00
Year-over-Year Change
64.91%
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 Sweden. It provides insights into the trade relationship between Utah and one of its key international 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
The Value of Exports to Sweden from Utah series tracks the dollar value of merchandise goods shipped from Utah to Sweden. This data helps economists and policymakers understand the strength of Utah's export-oriented industries and its overall trade position with the Swedish market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
This metric is used to inform trade policy decisions and monitor the competitiveness of Utah's exports.
Key Facts
- Utah exported $251 million worth of goods to Sweden in 2021.
- Exports to Sweden account for 3.2% of Utah's total international exports.
- Computer and electronic products are Utah's top export category to Sweden.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of merchandise goods exported from the U.S. state of Utah to Sweden. It provides insights into the trade relationship between the two economies.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding Utah's export-driven industries and how they perform in key international markets like Sweden. It informs trade policy and investment decisions.
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 and economists use this metric to monitor the competitiveness of Utah's exports and inform decisions around trade agreements, tariffs, and export promotion initiatives.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag. It may not capture all shipments, especially for smaller exporters.
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Citation
U.S. Federal Reserve, Value of Exports to Sweden from Utah (UTSWEA052SCEN), retrieved from FRED.