Value of Exports to Namibia from New Jersey
NJNAMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
681,552.00
Year-over-Year Change
293.69%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Namibia from New Jersey' trend measures the dollar value of goods and services exported from the state of New Jersey to the African country of Namibia. This metric is important for understanding trade flows and economic relationships between U.S. states and foreign nations.
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 monetary value of products and services that are sent from New Jersey businesses and producers to customers and end-users in Namibia. Economists and policymakers analyze state-level export data to assess regional trade dynamics and the competitiveness of local industries in global markets.
Methodology
The data is collected through surveys of U.S. exporters and compiled by the U.S. Census Bureau.
Historical Context
Export figures help inform trade policy decisions and shape economic development strategies at the state and national levels.
Key Facts
- New Jersey is a leading U.S. exporting state.
- Namibia is an emerging market in sub-Saharan Africa.
- Trade with Namibia accounts for a small but growing share of New Jersey's exports.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the dollar value of goods and services exported from the state of New Jersey to the country of Namibia.
Q: Why is this trend relevant for users or analysts?
A: Monitoring state-level export data helps economists and policymakers assess regional trade dynamics and the global competitiveness of local industries.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Export figures inform trade policy decisions and shape economic development strategies at the state and national levels.
Q: Are there update delays or limitations?
A: There may be lags in reporting due to the time required to collect and process the survey data.
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Citation
U.S. Federal Reserve, Value of Exports to Namibia from New Jersey (NJNAMA052SCEN), retrieved from FRED.