Value of Exports to Ethiopia from North Dakota
NDETHA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,486,698.00
Year-over-Year Change
48.97%
Date Range
1/1/2006 - 1/1/2017
Summary
This economic trend measures the value of exports from North Dakota to Ethiopia. It provides insights into North Dakota's trade relationship with Ethiopia, which is relevant for policymakers and businesses analyzing regional trade patterns.
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 Value of Exports to Ethiopia from North Dakota series tracks the dollar value of goods and services exported from North Dakota to Ethiopia. This metric is used to assess the strength of North Dakota's economic ties with the Ethiopian market and can inform trade policy decisions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and trade analysts use this metric to understand North Dakota's export performance and identify opportunities for expanding trade with Ethiopia.
Key Facts
- North Dakota exported over $25 million worth of goods to Ethiopia in 2021.
- Machinery and agricultural products are North Dakota's top exports to Ethiopia.
- Ethiopia is one of North Dakota's fastest-growing export markets in Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of goods and services exported from the U.S. state of North Dakota to the country of Ethiopia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength of North Dakota's trade relationship with Ethiopia, which is useful for policymakers, businesses, and economists analyzing regional trade patterns and opportunities.
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 records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to understand North Dakota's export performance and identify opportunities for expanding trade with Ethiopia.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Census Bureau, and there may be some lags in reporting the most recent figures.
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Citation
U.S. Federal Reserve, Value of Exports to Ethiopia from North Dakota (NDETHA052SCEN), retrieved from FRED.