Value of Exports to Nigeria from California
CANGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,020,590.00
Year-over-Year Change
198.07%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Nigeria from California measures the dollar value of goods and services exported from California to Nigeria. This metric is important for analyzing trade flows and California's economic integration with the Nigerian market.
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 value of exports originating from California and destined for Nigeria. It is a key indicator of commercial activity and economic linkages between the two regions. Policymakers and trade analysts use this data to assess California's trade dynamics and competitiveness in the Nigerian market.
Methodology
The data is collected through surveys of California-based exporters and compiled by the U.S. Census Bureau.
Historical Context
The Value of Exports to Nigeria from California is relevant for understanding California's trade position and can inform economic and trade policy decisions.
Key Facts
- California is the largest exporting state in the U.S.
- Nigeria is Africa's largest economy and a major trading partner for California.
- Exports to Nigeria account for a small but growing share of California's international trade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of goods and services exported from California to Nigeria. It is an indicator of trade activity and economic linkages between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding California's trade dynamics and competitiveness in the Nigerian market, which can inform economic and trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of California-based exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this data to assess California's trade position and economic integration with the Nigerian market, which can inform decisions around economic and trade policy.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing all export activity from California to Nigeria.
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from California (CANGAA052SCEN), retrieved from FRED.