Value of Exports to Spain from North Carolina
NCESPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
554,606,699.00
Year-over-Year Change
306.34%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Spain from North Carolina' trend measures the total dollar value of merchandise exports from North Carolina to Spain. This metric is closely watched by economists and policymakers to gauge the state's international trade dynamics and its impact on the regional economy.
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 represents the monetary value of physical goods and commodities exported from North Carolina to Spain. It serves as an important indicator of the economic relationship and trade flows between the state and this key international market.
Methodology
The data is collected by the U.S. Census Bureau through a survey of exporters and customs declarations.
Historical Context
Policymakers and analysts use this trend to assess North Carolina's export performance and competitiveness in the Spanish market, which can inform trade, investment, and economic development strategies.
Key Facts
- North Carolina is a major exporting state, with over $30 billion in total exports annually.
- Spain is one of North Carolina's top 10 export destinations globally.
- Exports support over 1 million jobs across North Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of merchandise exports from the state of North Carolina to Spain.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into North Carolina's trade relationship with a key international market, which is crucial for assessing the state's economic competitiveness and the success of export-oriented policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to inform trade, investment, and economic development strategies that aim to support North Carolina's export performance and competitiveness in the Spanish market.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but may have a lag of several weeks due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to Spain from North Carolina (NCESPA052SCEN), retrieved from FRED.