Value of Exports to Aruba from New Jersey
NJABWA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56,064,821.00
Year-over-Year Change
1412.28%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Aruba from New Jersey' measures the total value of goods and services exported from the state of New Jersey to the Caribbean island nation of Aruba. This trend is an important indicator of trade and economic ties 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 series tracks the dollar value of all products and services shipped from businesses in New Jersey to customers and partners in Aruba. It offers insights into the commercial relationship and trade flows between the U.S. state and the small island country.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Policymakers and economists use this metric to analyze regional trade patterns and the economic interdependence between the two locations.
Key Facts
- New Jersey is one of the top exporting states in the U.S.
- Aruba is a major trade partner for New Jersey in the Caribbean region.
- The value of exports from NJ to Aruba has fluctuated over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of New Jersey to the country of Aruba.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the trade relationship and economic ties between New Jersey and Aruba, which is valuable for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms located in New Jersey.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to analyze regional trade patterns and the interdependence between the New Jersey and Aruban economies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in reporting due to the survey collection process.
Related Trends
Number of Identified Exporters to Aruba from Vermont
VTABWA475SCEN
Constant GDP per capita for Aruba
NYGDPPCAPKDABW
Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Aruba
ABWFCBODCANUM
Geographical Outreach: Number of Commercial Banks for Aruba
ABWFCIODCNUM
Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Aruba
ABWFCIOFINUM
Number of Identified Exporters to Aruba from Michigan
MIABWA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Aruba from New Jersey (NJABWA052SCEN), retrieved from FRED.