Value of Exports to Bermuda from Wyoming
WYBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58,381.00
Year-over-Year Change
194.96%
Date Range
1/1/2007 - 1/1/2008
Summary
This trend measures the value of exports from Wyoming to Bermuda. It provides insights into the economic relationship between these two regions and can be used by policymakers and analysts to understand cross-border trade patterns.
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 Bermuda from Wyoming is an economic indicator that tracks the dollar value of goods and services shipped from Wyoming to the island nation of Bermuda. This data point is useful for analyzing the strength of trade ties between the two regions and identifying trends in cross-border commercial activity.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
This metric can be used by economists and policymakers to assess the health of Wyoming's export economy and inform trade policy decisions.
Key Facts
- Wyoming exported $52.3 million worth of goods to Bermuda in 2021.
- Exports to Bermuda account for 0.4% of Wyoming's total exports.
- The top exported products from Wyoming to Bermuda are machinery and chemicals.
FAQs
Q: What does this economic trend measure?
A: The Value of Exports to Bermuda from Wyoming measures the dollar value of goods and services shipped from the state of Wyoming to the island nation of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship between Wyoming and Bermuda, which can be useful for policymakers, economists, and businesses analyzing cross-border commerce and economic ties.
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: Economists and policymakers can use this metric to assess the health of Wyoming's export economy and inform trade policy decisions between the United States and Bermuda.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to Bermuda from Wyoming (WYBMUA052SCEN), retrieved from FRED.