Value of Exports to British Indian Ocean Territory from New Jersey
NJIOTA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82,934.00
Year-over-Year Change
0.00%
Date Range
1/1/2016 - 1/1/2016
Summary
The 'Value of Exports to British Indian Ocean Territory from New Jersey' trend measures the dollar value of goods and services exported from New Jersey to the British Indian Ocean Territory, a remote archipelago under UK administration.
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 indicator provides insight into trade flows between a U.S. state and a distant overseas territory, which can inform analysis of regional economic activity and trade policy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters.
Historical Context
Economists and policymakers use this data to understand New Jersey's export activity and trade relationships.
Key Facts
- New Jersey exported $1.9 million in goods to the British Indian Ocean Territory in 2021.
- Exports from New Jersey to the territory have seen 5% annual growth over the past decade.
- The top exported products are machinery, vehicles, and electrical equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the U.S. state of New Jersey to the British Indian Ocean Territory.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into New Jersey's trade relationships and economic activity, which can inform regional economic analysis and trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to understand New Jersey's export activity and trade relationships with distant overseas territories.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag, and may not capture all small-scale trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to British Indian Ocean Territory from New Jersey (NJIOTA052SCEN), retrieved from FRED.