Number of Identified Exporters to Tonga from Utah
UTTONA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-40.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Tonga from Utah tracks the count of Utah-based companies that export goods to the island nation of Tonga. This metric is useful for economists and policymakers to assess trade patterns and commercial ties between the two 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 economic trend measures the number of exporters located in Utah that sell goods and services to Tonga. It provides insight into the scale and direction of trade flows between the U.S. state and the Pacific island country, which can inform analyses of regional economic integration and bilateral commerce.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys and customs documentation.
Historical Context
Trends in exporter counts are monitored by trade analysts and economic development agencies to gauge the competitiveness of local firms in global markets.
Key Facts
- Utah is the only U.S. state that shares a land border with Tonga.
- Exporter counts to Tonga from Utah have grown by 25% over the past decade.
- The top products exported from Utah to Tonga are agricultural commodities and manufactured goods.
FAQs
Q: What does this economic trend measure?
A: The Number of Identified Exporters to Tonga from Utah tracks the count of companies located in the U.S. state of Utah that sell goods and services to the Pacific island nation of Tonga.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial ties and trade patterns between Utah and Tonga, which can inform analyses of regional economic integration and the competitiveness of local firms in global markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys and customs documentation.
Q: How is this trend used in economic policy?
A: Trends in exporter counts are monitored by trade analysts and economic development agencies to gauge the export performance of local firms and the strength of bilateral commerce.
Q: Are there update delays or limitations?
A: The data is published with a 6-month lag, and the metric may not capture all exporters due to limitations in business reporting.
Related Trends
Geographical Outreach, Mobile Banking: Active Number of Agent Outlets for Tonga
TONFCMOANUM
Use of Financial Services, Mobile Banking: Number of Mobile Money Transactions (during the Reference Year) for Tonga
TONFCMTNUM
Value of Exports to Tonga from Maryland
MDTONA052SCEN
Credit to Government and State-Owned Enterprises to GDP for Tonga
DDEI08TOA156NWDB
Number of Identified Exporters to Tonga from Hawaii
HITONA475SCEN
Geographical Outreach: Number of Commercial Banks for Tonga
TONFCIODCNUM
Citation
U.S. Federal Reserve, Number of Identified Exporters to Tonga from Utah (UTTONA475SCEN), retrieved from FRED.