Value of Exports to Germany from North Carolina
NCDEUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,108,011,325.00
Year-over-Year Change
67.18%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of North Carolina to Germany. It provides insights into trade flows and competitiveness between North Carolina and a major trading partner.
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 Value of Exports to Germany from North Carolina series tracks the total monetary value of goods and services exported from North Carolina to the German market. This metric is used by economists and policymakers to analyze North Carolina's trade relationships and economic integration with the global economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
This trend is relevant for understanding North Carolina's trade patterns and economic performance in relation to Germany, a key trading partner for the state.
Key Facts
- North Carolina is a major exporting state, with Germany as its 4th largest export destination.
- In 2021, the value of North Carolina's exports to Germany was $3.2 billion.
- Machinery, chemicals, and transportation equipment are North Carolina's top exports to Germany.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of goods and services exported from the U.S. state of North Carolina to Germany.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into North Carolina's trade relationships and economic integration with the global economy, particularly with a major trading partner like Germany.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze North Carolina's trade patterns and competitiveness in the global market, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several months, so there may be delays in reflecting the most recent trade activity.
Related Trends
Regional Price Parities: Services: Housing: Nonmetropolitan Portion for North Carolina
NCNMPRPPSERVERENT
Coefficient for Transportation Carbon Dioxide Emissions, Aviation Gasoline for North Carolina
EMISSCO2CAVACBNCA
Regional Price Parities: Goods: Metropolitan Portion for North Carolina
NCMPRPPGOOD
Housing Inventory: Average Listing Price Month-Over-Month in North Carolina
AVELISPRIMMNC
Real Gross Domestic Product: All Industry Total in North Carolina
NCRQGSP
Exports of Goods for North Carolina
EXPTOTNC
Citation
U.S. Federal Reserve, Value of Exports to Germany from North Carolina (NCDEUA052SCEN), retrieved from FRED.