Number of Identified Exporters to Philippines from New Jersey
NJPHLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
432.00
Year-over-Year Change
15.51%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Philippines from New Jersey' tracks the count of unique companies based in New Jersey that export goods to the Philippines. This metric provides insight into trade dynamics 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 data series, published by the U.S. Census Bureau, represents the total number of exporters located in New Jersey that ship products to the Philippines. It serves as an indicator of the scale and trends in trade activity between the two geographies over time.
Methodology
The data is collected through mandatory exporter surveys and customs declarations.
Historical Context
Analysts and policymakers monitor this metric to assess the health of New Jersey's export-oriented businesses and the state's economic relationship with the Philippines.
Key Facts
- New Jersey is a major exporting state, with $51.1 billion in goods exported in 2021.
- The Philippines is New Jersey's 25th largest export destination, accounting for $288 million in 2021.
- The number of identified New Jersey exporters to the Philippines has increased by 7.3% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of unique companies based in New Jersey that export goods to the Philippines. It provides insight into trade activity between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for analyzing the scale and dynamics of New Jersey's export-oriented businesses and their economic relationship with the Philippines.
Q: How is this data collected or calculated?
A: The data is collected through mandatory exporter surveys and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the health of New Jersey's export sector and the state's trade ties with the Philippines.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 1-2 month lag between the reference period and the release date.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Philippines from New Jersey (NJPHLA475SCEN), retrieved from FRED.