Value of Exports to Bermuda from New Jersey
NJBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70,330,445.00
Year-over-Year Change
58.72%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend tracks the value of exports from the U.S. state of New Jersey to the island nation of Bermuda. It provides insights into trade flows 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
The Value of Exports to Bermuda from New Jersey series measures the dollar value of goods and services exported from the state of New Jersey to Bermuda. This metric is useful for analyzing trade patterns, supply chain dynamics, and economic relationships between the two locations.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and economists monitor this trend to understand regional trade and economic interdependence.
Key Facts
- New Jersey is one of the largest exporting states in the U.S.
- Bermuda is a major trading partner for New Jersey businesses.
- Exports to Bermuda account for a significant portion of New Jersey's total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the U.S. state of New Jersey to the island nation of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the trade relationship and economic ties between New Jersey and Bermuda, which is valuable for understanding regional trade flows and interdependencies.
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: Policymakers and economists monitor this trend to understand regional trade patterns and make informed decisions about economic development, trade agreements, and supply chain management.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Value of Exports to Bermuda from New Jersey (NJBMUA052SCEN), retrieved from FRED.