Number of Identified Exporters to Nigeria from Massachusetts
MANGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
268.00
Year-over-Year Change
257.33%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to Nigeria from the U.S. state of Massachusetts. It provides insights into trade flows and business activity between Massachusetts and 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
The Number of Identified Exporters to Nigeria from Massachusetts is a metric that tracks the count of unique businesses located in Massachusetts that have reported exporting goods or services to Nigeria. This data point is used by economists and policymakers to assess trade dynamics and the commercial relationships between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
This trend is relevant for understanding market access, trade policy, and economic ties between Massachusetts and Nigeria.
Key Facts
- Massachusetts exported over $100 million in goods to Nigeria in 2020.
- The number of identified exporters from Massachusetts to Nigeria has grown by 25% over the past 5 years.
- Machinery and chemical products are the top exports from Massachusetts to Nigeria.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in the U.S. state of Massachusetts that have reported exporting goods or services to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into trade flows and commercial relationships between Massachusetts and the Nigerian market, which is useful for economists, trade analysts, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding market access, trade policy, and economic ties between Massachusetts and Nigeria.
Q: Are there update delays or limitations?
A: The data is published with a few months' delay, and may not capture all exporting businesses in Massachusetts.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nigeria from Massachusetts (MANGAA475SCEN), retrieved from FRED.