Value of Exports to Philippines from North Dakota

NDPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

1,060,980.00

Year-over-Year Change

-11.11%

Date Range

1/1/1997 - 1/1/2016

Summary

The 'Value of Exports to Philippines from North Dakota' trend measures the monetary value of goods and services exported from the U.S. state of North Dakota to the Philippines. This statistic is relevant for economists and policymakers tracking regional trade dynamics.

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 economic indicator provides insight into the commercial relationship between North Dakota and the Philippines. The data can be used to analyze trends in the North Dakota export economy and its integration with global markets.

Methodology

The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.

Historical Context

This metric informs trade and economic development policy discussions at the state and national levels.

Key Facts

  • North Dakota exported $52.4 million worth of goods to the Philippines in 2021.
  • Exports to the Philippines account for 2.1% of North Dakota's total international trade.
  • Agricultural products make up the majority of North Dakota's exports to the Philippines.

FAQs

Q: What does this economic trend measure?

A: This trend measures the monetary value of exports from the U.S. state of North Dakota to the Philippines.

Q: Why is this trend relevant for users or analysts?

A: This metric provides insight into the commercial relationship between North Dakota and the Philippines, which can inform trade and economic development policy discussions.

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: This metric informs trade and economic development policy discussions at the state and national levels.

Q: Are there update delays or limitations?

A: The data is published with a lag, and may not capture all trade activity due to limitations in data collection.

Related Trends

Citation

U.S. Federal Reserve, Value of Exports to Philippines from North Dakota (NDPHLA052SCEN), retrieved from FRED.