Value of Exports to Romania from North Dakota
NDROUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
812,231.00
Year-over-Year Change
39.24%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Value of Exports to Romania from North Dakota' series measures the dollar value of goods and services exported from North Dakota to Romania. This metric is important for understanding North Dakota's trade relationships and economic linkages with 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 series tracks the total value of exports originating from North Dakota that are destined for Romania. It provides insight into the commercial activity and trade flows between the state and this European nation, which can inform economic policy and business strategies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters and customs records.
Historical Context
Policy makers and businesses use this metric to assess North Dakota's export performance and competitiveness in the Romanian market.
Key Facts
- North Dakota exported $23.4 million worth of goods to Romania in 2021.
- Agricultural products account for over 60% of North Dakota's exports to Romania.
- Romania was North Dakota's 46th largest export destination in 2021.
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 the country of Romania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into North Dakota's trade relationship and economic linkages with the Romanian market, which can inform business strategies and economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to assess North Dakota's export performance and competitiveness in the Romanian market.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to Romania from North Dakota (NDROUA052SCEN), retrieved from FRED.