Value of Exports to Nigeria from Delaware
DENGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,903,319.00
Year-over-Year Change
3571.51%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Nigeria from Delaware' series measures the total dollar value of goods exported from the state of Delaware to Nigeria. This metric provides insight into trade patterns and economic ties between the U.S. and Nigeria.
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 series tracks the dollar value of physical goods shipped from Delaware, one of the smallest U.S. states, to Nigeria, a major African economy. It is used by trade analysts, economists, and policymakers to monitor the flow of exports and understand commercial relationships.
Methodology
The data is collected and reported by the U.S. Census Bureau based on official customs declarations.
Historical Context
Trends in Delaware's exports to Nigeria can reflect broader shifts in U.S. trade policy, commodity prices, and economic conditions in both countries.
Key Facts
- Delaware is the second-smallest U.S. state by land area.
- Nigeria is Africa's largest economy and most populous country.
- U.S. exports to Nigeria were valued at $2.7 billion in 2021.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of goods exported from the U.S. state of Delaware to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into trade patterns and economic ties between the U.S. and Nigeria, which is an important trading partner.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on official customs declarations.
Q: How is this trend used in economic policy?
A: Trends in Delaware's exports to Nigeria can reflect broader shifts in U.S. trade policy, commodity prices, and economic conditions in both countries.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from Delaware (DENGAA052SCEN), retrieved from FRED.