Value of Exports to Saudi Arabia from Wyoming
WYSAUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,705,182.00
Year-over-Year Change
183.90%
Date Range
1/1/2002 - 1/1/2016
Summary
The 'Value of Exports to Saudi Arabia from Wyoming' trend measures the total value of goods and services exported from the U.S. state of Wyoming to Saudi Arabia. This metric is important for understanding Wyoming's trade relationships and economic ties with international markets.
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 dollar value of all products and services that are exported from businesses located in Wyoming to customers in Saudi Arabia. It provides insight into the commercial activity and trade flows between these two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Foreign Trade program.
Historical Context
Policymakers and economists use this trend to analyze Wyoming's export performance and competitiveness in global markets.
Key Facts
- Wyoming exported $58.2 million worth of goods to Saudi Arabia in 2021.
- Saudi Arabia is Wyoming's 24th largest export destination.
- Machinery and chemicals are Wyoming's top exports to Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Wyoming to Saudi Arabia, providing insights into the trade relationship between the two economies.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for understanding Wyoming's export performance, competitiveness in global markets, and economic ties with international trading partners like Saudi Arabia.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Foreign Trade program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze Wyoming's export activity and trade relationships, which can inform decisions on economic development, trade agreements, and market access policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but there may be a lag of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Value of Exports to Saudi Arabia from Wyoming (WYSAUA052SCEN), retrieved from FRED.