Value of Exports to Ecuador from New Jersey
NJECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,188,602.00
Year-over-Year Change
68.90%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ecuador from New Jersey' trend measures the dollar value of goods exported from the U.S. state of New Jersey to the country of Ecuador. This metric is useful for economists and policymakers to understand trade dynamics and regional economic performance.
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 merchandise exported from New Jersey to Ecuador. It provides insight into the commercial relationship and trade flows between the two regions. The data can inform analysis of New Jersey's export-oriented industries and Ecuador's role as a trading partner.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs documents.
Historical Context
This export value trend is relevant for trade policy analysis, market research, and economic development planning.
Key Facts
- New Jersey is the 3rd largest exporting state in the U.S.
- Ecuador is New Jersey's 51st largest export destination.
- Exports to Ecuador account for less than 1% of New Jersey's total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and merchandise exported from the U.S. state of New Jersey to the country of Ecuador.
Q: Why is this trend relevant for users or analysts?
A: This export value data provides insight into the trade relationship between New Jersey and Ecuador, which is useful for understanding regional economic performance, identifying export market opportunities, and informing trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on information from customs documents and shipping records.
Q: How is this trend used in economic policy?
A: This export value metric can inform trade policy, economic development strategies, and market analysis by government agencies, businesses, and researchers studying regional trade flows and commercial relationships.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in reporting the latest data, and the series only covers merchandise exports, not services trade.
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Citation
U.S. Federal Reserve, Value of Exports to Ecuador from New Jersey (NJECUA052SCEN), retrieved from FRED.