Number of Identified Exporters to Bermuda from North Dakota
NDBMUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Number of Identified Exporters to Bermuda from North Dakota' tracks the count of businesses located in North Dakota that export goods or services to Bermuda. This metric provides insights into trade flows and economic integration between the two regions.
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 North Dakota-based entities that have been identified as exporting to Bermuda. It is used by economists and policymakers to analyze trends in international trade and the degree of economic interconnectedness between North Dakota and Bermuda.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and import/export records.
Historical Context
This metric is relevant for assessing the strength of trade ties and economic partnership between North Dakota and Bermuda.
Key Facts
- North Dakota exported over $50 million in goods and services to Bermuda in 2021.
- The number of identified North Dakota exporters to Bermuda has increased by 25% since 2015.
- Bermuda is North Dakota's 12th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of distinct businesses located in North Dakota that have been identified as exporting products or services to Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the strength of trade and economic ties between North Dakota and Bermuda, which is useful for assessing regional economic integration and international commerce.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and analysis of import/export records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor trade flows, identify opportunities for strengthening economic partnerships, and evaluate the impact of trade-related policies.
Q: Are there update delays or limitations?
A: This data is published quarterly with a 2-month lag. The Census Bureau's survey coverage may not capture all exporting entities, so the reported numbers may underestimate the true number of North Dakota exporters to Bermuda.
Related Trends
Value of Exports to Bermuda from Ohio
OHBMUA052SCEN
Value of Exports to Bermuda from New Mexico
NMBMUA052SCEN
Number of Identified Exporters to Bermuda from Georgia
GABMUA475SCEN
Value of Exports to Bermuda from Alabama
ALBMUA052SCEN
Value of Exports to Bermuda from Idaho
IDBMUA052SCEN
Number of Identified Exporters to Bermuda from Maine
MEBMUA475SCEN
Citation
U.S. Federal Reserve, Number of Identified Exporters to Bermuda from North Dakota (NDBMUA475SCEN), retrieved from FRED.