Number of Identified Exporters to Ecuador from New Jersey
NJECUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
318.00
Year-over-Year Change
45.87%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Ecuador from New Jersey' metric tracks the total number of businesses located in New Jersey that export goods to Ecuador, providing insight into trade dynamics 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 measures the count of unique exporting firms based in New Jersey that sell products to customers in Ecuador. It offers an indicator of trade engagement and market access between the U.S. state and the South American country.
Methodology
The data is collected by the U.S. Census Bureau through survey of businesses and customs declarations.
Historical Context
Economists and policymakers use this metric to analyze patterns in bilateral trade flows and the competitiveness of New Jersey exporters in the Ecuadorian market.
Key Facts
- New Jersey is the 11th largest state economy in the U.S.
- Ecuador is New Jersey's 45th largest export destination.
- Exports account for over 8% of New Jersey's GDP.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of businesses located in New Jersey that export goods to Ecuador, providing insight into trade dynamics between the two regions.
Q: Why is this trend relevant for users or analysts?
A: Economists and policymakers use this data to analyze patterns in bilateral trade flows and the competitiveness of New Jersey exporters in the Ecuadorian market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through survey of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: This metric offers insights into trade engagement and market access that can inform economic policy decisions related to international commerce.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 quarter lag by the Census Bureau.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Ecuador from New Jersey (NJECUA475SCEN), retrieved from FRED.