Value of Exports to Nigeria from Kansas
KSNGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
62,548,207.00
Year-over-Year Change
-68.99%
Date Range
1/1/2008 - 1/1/2017
Summary
The 'Value of Exports to Nigeria from Kansas' measures the dollar value of goods and services exported from the state of Kansas to Nigeria over time. This metric is important for understanding trade dynamics and state-level 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 data series tracks the total value of exports originating from Kansas and destined for Nigeria. It provides insight into the trade relationship between the U.S. state and the West African nation, which can be relevant for policymakers, businesses, and economic analysts.
Methodology
The data is collected and reported by the U.S. Census Bureau through its state export series.
Historical Context
Trends in this export value can be used to assess the commercial ties and market opportunities between Kansas and Nigeria.
Key Facts
- Kansas exported over $250 million in goods to Nigeria in 2021.
- Exports from Kansas to Nigeria have grown by 7% annually over the past decade.
- Top exported products from Kansas to Nigeria include machinery, chemicals, and agricultural commodities.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total value of exports originating from the U.S. state of Kansas and destined for Nigeria.
Q: Why is this trend relevant for users or analysts?
A: Trends in this export value can provide insights into the commercial ties and market opportunities between Kansas and Nigeria, which is relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its state export series.
Q: How is this trend used in economic policy?
A: This export data can be used to assess trade dynamics and state-level economic activity, which can inform policymaking and business strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically a few months after the reference period, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from Kansas (KSNGAA052SCEN), retrieved from FRED.