Number of Identified Exporters to Hong Kong from North Carolina
NCHKGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
741.00
Year-over-Year Change
1.09%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Hong Kong from North Carolina' series tracks the count of businesses located in North Carolina that export goods to Hong Kong. This metric is a key indicator of international trade activity and economic integration.
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 number of distinct companies based in North Carolina that have reported exporting products or services to Hong Kong. It provides insight into the level of economic engagement and trade relationships between the state and this major global market.
Methodology
The data is collected through customs and trade reporting by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to assess North Carolina's trade dynamics and competitiveness in Asian export markets.
Key Facts
- North Carolina is a major exporting state, with over $32 billion in goods exports annually.
- Hong Kong is the 7th largest destination for North Carolina exports.
- The number of identified North Carolina exporters to Hong Kong has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of distinct businesses located in North Carolina that have reported exporting products or services to Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: The count of North Carolina exporters to Hong Kong provides insight into the state's engagement with this major global market and can inform assessments of international trade activity and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through customs and trade reporting by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate North Carolina's trade dynamics and export performance, which can inform decisions around economic development, trade agreements, and competitiveness strategies.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of a reporting period and the publication of this data by the Census Bureau.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Hong Kong from North Carolina (NCHKGA475SCEN), retrieved from FRED.