Value of Exports to United Arab Emirates from North Dakota
NDAREA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,446,659.00
Year-over-Year Change
-1.24%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Arab Emirates from North Dakota' measures the total value of goods and services exported from North Dakota to the United Arab Emirates. This economic indicator provides insights into North Dakota's trade relationships and export-driven economic activity.
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 tracks the dollar value of exports originating from North Dakota that are destined for the United Arab Emirates. It is an important metric for assessing the state's international trade dynamics and its economic reliance on exports to key foreign markets.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other administrative records.
Historical Context
Policymakers and businesses use this export data to monitor North Dakota's trade performance and competitiveness in global markets.
Key Facts
- North Dakota's exports to the UAE totaled $125 million in 2021.
- Agricultural products make up over 60% of North Dakota's exports to the UAE.
- The UAE is North Dakota's 6th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the state of North Dakota to the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insights into North Dakota's trade relationships and the importance of export-driven economic activity for the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs declarations and other administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this export data to monitor North Dakota's trade performance and competitiveness in global markets.
Q: Are there update delays or limitations?
A: The data may have a several month delay in reporting, and only covers goods exports, not services.
Related Trends
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Percentage of Foreign Banks Among Total Banks for United Arab Emirates
DDOI13AEA156NWDB
Liquid Liabilities (Broad Money) for United Arab Emirates
DDOI07AEA648NWDB
Central Government Net Lending/borrowing (central Govt Fiscal Balance) for United Arab Emirates
AREGCXCNLGDPGDPPT
Gas Production for United Arab Emirates
ARENGDPMG
Number of Identified Exporters to United Arab Emirates from North Dakota
NDAREA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to United Arab Emirates from North Dakota (NDAREA052SCEN), retrieved from FRED.