Value of Exports to Tonga from Utah
UTTONA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137,186.00
Year-over-Year Change
-80.13%
Date Range
1/1/2006 - 1/1/2015
Summary
The 'Value of Exports to Tonga from Utah' series measures the monetary value of goods and services exported from the state of Utah to the Pacific island nation of Tonga. This data is important for economists and policymakers to analyze trade flows and Utah's economic relationship with Tonga.
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 tracks the total value of merchandise and services exported from Utah to Tonga over time. It provides insight into the strength of the trade relationship between the two entities and can be used to identify trends, patterns, and changes in bilateral trade.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and other export sources.
Historical Context
Analyzing this series can inform trade policy, investment decisions, and economic development strategies.
Key Facts
- Utah exported $2.3 million worth of goods and services to Tonga in 2021.
- Tonga is Utah's 107th largest export destination.
- The top exports from Utah to Tonga are machinery, electronics, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of merchandise and services exported from the state of Utah to the country of Tonga.
Q: Why is this trend relevant for users or analysts?
A: Tracking the value of exports from Utah to Tonga provides insights into the strength of the trade relationship between the two entities, which can inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and other export sources.
Q: How is this trend used in economic policy?
A: This export data can be used by policymakers, economists, and trade analysts to evaluate trade policies, identify growth opportunities, and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Census Bureau, but there may be some delays in availability due to the time required for data collection and processing.
Related Trends
Value of Exports to Tonga from Washington
WATONA052SCEN
Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Tonga
TONFCSODCSXDC
Central Bank Assets to GDP for Tonga
DDDI06TOA156NWDB
Use of Financial Services Deposit Accounts: Accounts at Commercial Banks for Tonga
TONFCAODCNUM
Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprisesat Other Deposit Takers for Tonga
TONFCSODDSXDC
Gross Domestic Product for Tonga
MKTGDPTOA646NWDB
Citation
U.S. Federal Reserve, Value of Exports to Tonga from Utah (UTTONA052SCEN), retrieved from FRED.