Value of Exports to Bermuda from North Carolina
NCBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,959,562.00
Year-over-Year Change
62.05%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Bermuda from North Carolina' trend measures the total dollar value of goods exported from North Carolina to Bermuda. This metric is important for evaluating trade flows and economic interdependence between regions.
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 monetary value of physical goods, such as agricultural products, machinery, and consumer items, that are exported from the state of North Carolina to the island nation of Bermuda. The data is utilized by economists, trade analysts, and policymakers to understand trade patterns and the strength of commercial relationships between the two locations.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers may use this metric to inform decisions around trade agreements, tariffs, and economic development strategies.
Key Facts
- North Carolina is one of the top exporting states in the U.S.
- Bermuda is an important trade partner for many U.S. states, especially those on the East Coast.
- The value of exports from North Carolina to Bermuda has fluctuated over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of physical goods exported from the state of North Carolina to the country of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding trade flows, economic interdependence, and commercial relationships between North Carolina and Bermuda.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers may use this metric to inform decisions around trade agreements, tariffs, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, but there may be lags or revisions to the figures.
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Citation
U.S. Federal Reserve, Value of Exports to Bermuda from North Carolina (NCBMUA052SCEN), retrieved from FRED.