Value of Exports to Islamic Republic of Iran from New Jersey
NJIRNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
838,973.00
Year-over-Year Change
-89.53%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Islamic Republic of Iran from New Jersey' series measures the total dollar value of goods and services exported from the state of New Jersey to Iran. This metric is important for economists and policymakers to assess trade relationships and economic ties between states and foreign countries.
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 represents the total value, in current U.S. dollars, of merchandise exports from the state of New Jersey to the Islamic Republic of Iran. It is used to analyze trade patterns, monitor sanctions, and understand the economic relationship between the state and this foreign market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Policymakers and analysts use this data to evaluate the impact of trade policies and geopolitical developments on state-level trade flows.
Key Facts
- New Jersey exported over $100 million in goods to Iran in 2019.
- Exports to Iran account for less than 1% of New Jersey's total international trade.
- Aerospace products and parts are a major export category from New Jersey to Iran.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of merchandise exports from the state of New Jersey to the Islamic Republic of Iran.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding trade relationships and economic ties between U.S. states and foreign countries, as well as evaluating the impact of trade policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to evaluate the impact of trade policies and geopolitical developments on state-level trade flows.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the series only covers merchandise exports, not services trade.
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Citation
U.S. Federal Reserve, Value of Exports to Islamic Republic of Iran from New Jersey (NJIRNA052SCEN), retrieved from FRED.