Value of Exports to United Arab Emirates from Wyoming
WYAREA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,397,780.00
Year-over-Year Change
-22.91%
Date Range
1/1/2009 - 1/1/2017
Summary
The 'Value of Exports to United Arab Emirates from Wyoming' series tracks the dollar value of goods and services exported from the U.S. state of Wyoming to the United Arab Emirates. This metric is important for understanding Wyoming's trade relationships and economic activity.
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 monetary value of exports originating from Wyoming and destined for the United Arab Emirates. It provides insight into the commercial ties and trade flows between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and economists analyze this series to assess Wyoming's international trade profile and competitiveness.
Key Facts
- Wyoming exported $98.5 million worth of goods to the UAE in 2021.
- Exports to the UAE account for 1.2% of Wyoming's total international trade.
- Mineral fuels and machinery are Wyoming's top exports to the UAE.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monetary value of goods and services exported from the U.S. state of Wyoming to the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Wyoming's international trade relationships and economic activity, which is important for policymakers and economists.
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 declarations.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this series to assess Wyoming's international trade profile and competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all export activities due to reporting limitations.
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Citation
U.S. Federal Reserve, Value of Exports to United Arab Emirates from Wyoming (WYAREA052SCEN), retrieved from FRED.