Value of Exports to Ethiopia from New Jersey
NJETHA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,535,605.00
Year-over-Year Change
448.48%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ethiopia from New Jersey' metric tracks the dollar value of goods and services exported from the state of New Jersey to the East African country of Ethiopia over time. This data provides insight into the trade relationship 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 economic trend measures the value of physical goods, services, and intellectual property that are sold and delivered from businesses located in New Jersey to customers and clients in Ethiopia. It serves as an indicator of the commercial activity and trade flows between the two economies.
Methodology
The data is collected through surveys of New Jersey-based exporters and analyzed by the U.S. Census Bureau.
Historical Context
Policy makers and trade analysts use this metric to assess the health of New Jersey's export sector and Ethiopia's role as a trading partner.
Key Facts
- New Jersey is the 6th largest exporting state in the U.S.
- Ethiopia is the fastest growing economy in East Africa.
- Exports account for over 10% of New Jersey's GDP.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the dollar value of goods and services exported from the state of New Jersey to the country of Ethiopia over time.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the trade relationship and commercial activity between New Jersey and Ethiopia, which is important for assessing the health of New Jersey's export sector and Ethiopia's role as a trading partner.
Q: How is this data collected or calculated?
A: The data is collected through surveys of New Jersey-based exporters and analyzed by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policy makers and trade analysts use this metric to monitor the strength of New Jersey's export economy and Ethiopia's position as a destination for the state's goods and services.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but may have a lag of several weeks before becoming available.
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Citation
U.S. Federal Reserve, Value of Exports to Ethiopia from New Jersey (NJETHA052SCEN), retrieved from FRED.