Value of Exports to Romania from New Jersey
NJROUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,221,985.00
Year-over-Year Change
-21.18%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Romania from New Jersey measures the total value of goods and services exported from New Jersey to Romania. This metric is important for economists and policymakers to understand trade patterns and competitiveness between US states and international markets.
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 dollar value of all exported products and services originating from the state of New Jersey and sold to consumers or businesses in Romania. It provides insight into the economic relationship and commercial activity between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and trade analysts use this metric to evaluate New Jersey's export performance and competitiveness in the Romanian market.
Key Facts
- New Jersey exported over $120 million in goods and services to Romania in 2021.
- Romania was the 34th largest export destination for New Jersey in 2021.
- Machinery, chemicals, and transportation equipment are major New Jersey exports to Romania.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of exports from the state of New Jersey to the country of Romania, including goods and services.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship and commercial activity between New Jersey and Romania, which is useful for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to evaluate New Jersey's export performance and competitiveness in the Romanian market, which can inform trade policies and business strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Value of Exports to Romania from New Jersey (NJROUA052SCEN), retrieved from FRED.