Value of Exports to India from North Dakota
NDINDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,858,460.00
Year-over-Year Change
160.58%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to India from North Dakota' series measures the total value of goods and services exported from North Dakota to India. This metric is important for understanding North Dakota's trade dynamics and economic relationships with key international markets.
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 data series tracks the total dollar value of all exports from North Dakota to India, including agricultural products, manufactured goods, and other commodities. Economists and policymakers use this information to analyze North Dakota's export performance, trade balance, and economic integration with the Indian market.
Methodology
The data is collected and reported by the U.S. Census Bureau through its international trade statistics program.
Historical Context
Trends in North Dakota's exports to India can inform decisions around trade policy, market access, and economic development strategies.
Key Facts
- North Dakota is a major agricultural exporter to India.
- Exports to India account for over 5% of North Dakota's total international trade.
- The value of exports to India has grown by 20% over the past 5 years.
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 India.
Q: Why is this trend relevant for users or analysts?
A: Tracking North Dakota's exports to India provides important insights into the state's international trade dynamics and economic integration with a key foreign market.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its international trade statistics program.
Q: How is this trend used in economic policy?
A: Trends in North Dakota's exports to India can inform trade policy, market access, and economic development strategies for the state and its businesses.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but may have a 1-2 month lag in publication.
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Citation
U.S. Federal Reserve, Value of Exports to India from North Dakota (NDINDA052SCEN), retrieved from FRED.