Value of Exports to Costa Rica from New Jersey
NJCRIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121,911,437.00
Year-over-Year Change
139.73%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Costa Rica from New Jersey' trend tracks the dollar value of goods and services exported from the U.S. state of New Jersey to the country of Costa Rica. This metric is an important indicator of trade flows and commercial 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 series measures the total value of exports originating from the state of New Jersey and destined for Costa Rica. It provides insight into the trade relationship and commercial ties between the two locations, which is relevant for businesses, policymakers, and economic analysts.
Methodology
The data is collected and reported by the U.S. Census Bureau based on surveys of exporting firms.
Historical Context
Trends in exports can inform assessments of regional economic performance and integration with global markets.
Key Facts
- Exports from New Jersey to Costa Rica totaled $315 million in 2021.
- The top exported products were machinery, chemicals, and transportation equipment.
- Costa Rica is New Jersey's 47th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the U.S. state of New Jersey to the country of Costa Rica.
Q: Why is this trend relevant for users or analysts?
A: Tracking exports from New Jersey to Costa Rica provides insights into the trade relationship and commercial activity between the two regions, which is important for businesses, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Trends in exports can inform assessments of regional economic performance and integration with global markets, which is relevant for policymakers and economic institutions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Costa Rica from New Jersey (NJCRIA052SCEN), retrieved from FRED.