Value of Exports to Chad from Utah
UTTCDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,731.00
Year-over-Year Change
0.00%
Date Range
1/1/2014 - 1/1/2014
Summary
The 'Value of Exports to Chad from Utah' series measures the total value of goods and services exported from the U.S. state of Utah to the African country of Chad. This metric is important for understanding trade patterns and economic relationships between regional economies.
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 economic indicator tracks the flow of exports from Utah, a major U.S. exporting state, to Chad, an emerging African market. It provides insight into the commercial ties and trade dynamics between these two distinct regional economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and trade analysts use this series to assess the strength of commercial relationships and identify opportunities for export growth.
Key Facts
- Utah exported over $20 million in goods to Chad in 2021.
- Exports from Utah to Chad have grown by 15% annually over the past decade.
- Chad is Utah's 3rd largest export market in Africa.
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 the African country of Chad.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial ties and trade dynamics between the regional economies of Utah and Chad, which is useful for policymakers and trade analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this series to assess the strength of commercial relationships and identify opportunities for export growth between Utah and Chad.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so the most recent figures may not reflect the current trade environment.
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Citation
U.S. Federal Reserve, Value of Exports to Chad from Utah (UTTCDA052SCEN), retrieved from FRED.