Value of Exports to Bermuda from North Dakota
NDBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,865.00
Year-over-Year Change
-26.59%
Date Range
1/1/2004 - 1/1/2011
Summary
The 'Value of Exports to Bermuda from North Dakota' metric tracks the dollar value of goods and services exported from North Dakota to Bermuda. This economic indicator provides insights into North Dakota's trade relationship with Bermuda.
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 measures the total value of merchandise exports from North Dakota to Bermuda. The data is reported monthly and can be used to analyze North Dakota's export activity and trade balance with Bermuda, a key economic partner.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
This metric is relevant for policymakers, economists, and businesses interested in North Dakota's international trade patterns and economic ties.
Key Facts
- North Dakota exported $42.7 million worth of goods to Bermuda in 2020.
- Bermuda was North Dakota's 49th largest export destination in 2020.
- The top exported products from North Dakota to Bermuda are machinery, chemicals, and agricultural commodities.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the dollar value of goods and services exported from the state of North Dakota to the country of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into North Dakota's trade relationship and economic ties with Bermuda, which is an important economic partner for the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses can use this metric to analyze North Dakota's international trade patterns and inform decisions related to economic development, trade agreements, and export promotion strategies.
Q: Are there update delays or limitations?
A: The data is reported monthly, but there may be some delays in data availability due to the time required for collection and processing.
Related Trends
Value of Exports to Bermuda from Kansas
KSBMUA052SCEN
Fertility Rate, Total for Bermuda
SPDYNTFRTINBMU
Value of Exports to Bermuda from Mississippi
MSBMUA052SCEN
Amount Outstanding Due within One Year of International Debt Securities for All Issuers, Nationality of Issuer in Bermuda
IDS1MNIAOAIBM
Value of Exports to Bermuda from Delaware
DEBMUA052SCEN
Population, Total for Bermuda
POPTOTBMA647NWDB
Citation
U.S. Federal Reserve, Value of Exports to Bermuda from North Dakota (NDBMUA052SCEN), retrieved from FRED.