Number of Identified Exporters to Taiwan from North Dakota
NDTWNA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
11.76%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Number of Identified Exporters to Taiwan from North Dakota' measures the count of businesses in North Dakota that have exported goods to Taiwan. This metric provides insight into the level of trade activity between the two regions.
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 trend tracks the number of unique North Dakota-based companies that have reported exporting merchandise to Taiwan. It serves as an indicator of the strength and breadth of North Dakota's exporting relationships with the Taiwanese market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
Policymakers and trade analysts use this series to monitor North Dakota's export performance and competitiveness in the Taiwanese market.
Key Facts
- North Dakota exported over $300 million in goods to Taiwan in 2021.
- The number of identified North Dakota exporters to Taiwan has grown by 20% over the past decade.
- Taiwan is North Dakota's 5th largest export destination by value.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in North Dakota that have reported exporting goods to Taiwan.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and breadth of North Dakota's exporting relationships with the Taiwanese market, which is an important trading partner for the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this series to monitor North Dakota's export performance and competitiveness in the Taiwanese market.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, as the Census Bureau survey process can take time to compile and publish the information.
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GATWNA052SCEN
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Taiwan from North Dakota (NDTWNA475SCEN), retrieved from FRED.