Number of Identified Exporters to United Arab Emirates from North Dakota
NDAREA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.00
Year-over-Year Change
37.50%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters from North Dakota to the United Arab Emirates. It is a key indicator of international trade and economic activity for the state.
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
The Number of Identified Exporters to United Arab Emirates from North Dakota series tracks the count of unique businesses in North Dakota that export goods to the UAE. This metric provides insights into the state's export activity and commercial engagement with a major global market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
This trend is used by economists and policymakers to monitor North Dakota's export performance and competitiveness in the global marketplace.
Key Facts
- North Dakota exported $302 million in goods to the UAE in 2020.
- The number of exporters from North Dakota to the UAE has grown by 25% since 2015.
- The UAE is North Dakota's 6th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses in North Dakota that export goods to the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into North Dakota's export activity and trade engagement with a major global market, which is important for assessing the state's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor North Dakota's export performance and inform decisions related to trade, economic development, and international commerce.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all exporters, especially smaller businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to United Arab Emirates from North Dakota (NDAREA475SCEN), retrieved from FRED.