Value of Exports to Papua New Guinea from North Carolina
NCPNGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,678,336.00
Year-over-Year Change
19.10%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Papua New Guinea from North Carolina' series measures the total dollar value of goods and services exported from North Carolina to Papua New Guinea. This metric is important for understanding North Carolina's trade dynamics and economic relationships with foreign markets.
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 series represents the total value of exports from the U.S. state of North Carolina to the country of Papua New Guinea. It is part of a broader set of state-level export data collected by the U.S. Census Bureau to track the flow of trade between individual states and foreign destinations.
Methodology
The data is collected through customs declarations and other administrative sources by the U.S. Census Bureau.
Historical Context
This export value trend is used by economists, policymakers, and businesses to analyze North Carolina's trade position and commercial ties with Papua New Guinea.
Key Facts
- North Carolina exported $13.2 million worth of goods to Papua New Guinea in 2021.
- Exports to Papua New Guinea account for less than 0.1% of total North Carolina exports.
- The top exported products from North Carolina to Papua New Guinea are machinery, aircraft, and electrical equipment.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the U.S. state of North Carolina to the country of Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This export value trend is important for understanding North Carolina's trade dynamics and economic relationships with foreign markets like Papua New Guinea.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and other administrative sources by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This export value trend is used by economists, policymakers, and businesses to analyze North Carolina's trade position and commercial ties with Papua New Guinea.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Census Bureau, with potential lags of several months between the reference period and publication.
Related Trends
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Use of Financial Services Deposit Accounts: Accounts at Other Deposit Takers for Papua New Guinea
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Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Papua New Guinea
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Fiscal Situation of General Government: Gross Debt Position for Papua New Guinea
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Value of Exports to Papua New Guinea from New Hampshire
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Value of Exports to Papua New Guinea from Pennsylvania
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Citation
U.S. Federal Reserve, Value of Exports to Papua New Guinea from North Carolina (NCPNGA052SCEN), retrieved from FRED.