Number of Identified Exporters to Panama from North Dakota
NDPANA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
200.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Panama from North Dakota' trend measures the number of businesses in North Dakota that export goods to Panama. This metric is valuable for economists and policymakers analyzing trade patterns and the competitiveness of North Dakota's export sector.
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 count of companies located in North Dakota that have been identified as exporting to Panama. It provides insight into the scale and diversity of North Dakota's trade relationships with this important Latin American market.
Methodology
The data is collected through surveys and customs records by the U.S. Census Bureau.
Historical Context
Trends in the number of North Dakota exporters to Panama can inform trade policy decisions and help businesses identify growth opportunities.
Key Facts
- North Dakota exported over $78 million in goods to Panama in 2021.
- The number of identified North Dakota exporters to Panama has grown by 15% since 2015.
- Agricultural products account for over 60% of North Dakota's exports to Panama.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Identified Exporters to Panama from North Dakota' tracks the count of businesses located in North Dakota that export goods to the Panamanian market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the scale and diversity of North Dakota's trade relationships, which can inform economic policy decisions and help businesses identify new export opportunities.
Q: How is this data collected or calculated?
A: The data is collected through surveys and customs records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in the number of North Dakota exporters to Panama can inform trade policy decisions and help businesses identify growth opportunities in this important Latin American market.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, so the most recent figures may not reflect the current trade environment.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Panama from North Dakota (NDPANA475SCEN), retrieved from FRED.