Value of Exports to United Kingdom from North Carolina
NCGBRA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,306,647,987.00
Year-over-Year Change
54.27%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Kingdom from North Carolina' measures the total value of goods and services exported from North Carolina to the United Kingdom. This metric is important for understanding the trade relationship between the two economies.
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 economic trend represents the dollar value of all products and services shipped from North Carolina businesses to the United Kingdom. It provides insight into the scale and significance of North Carolina's exports to one of its key international trading partners.
Methodology
The data is collected by the U.S. Census Bureau through surveys of North Carolina exporters.
Historical Context
This export data informs policymakers and businesses about North Carolina's trade dynamics with the UK market.
Key Facts
- North Carolina is one of the top exporting states in the U.S.
- The UK is North Carolina's 5th largest export destination.
- Exports to the UK support thousands of jobs in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from businesses in North Carolina to the United Kingdom.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between North Carolina and one of its key international partners, the UK, which is important for understanding the state's economic performance and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of North Carolina exporters.
Q: How is this trend used in economic policy?
A: This export data informs policymakers and businesses about North Carolina's trade position with the UK market, which can inform trade policy and business strategy.
Q: Are there update delays or limitations?
A: There may be lags in the data due to the time required for survey collection and compilation by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to United Kingdom from North Carolina (NCGBRA052SCEN), retrieved from FRED.