Value of Exports to Rwanda from New Jersey
NJRWAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
368,748.00
Year-over-Year Change
515.81%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Value of Exports to Rwanda from New Jersey' trend measures the total value of goods and services exported from the U.S. state of New Jersey to the East African country of Rwanda. This metric is important for economists and policymakers to assess trade dynamics and commercial relationships between specific 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 series tracks the monetary value of all products and services shipped from New Jersey to Rwanda, including both physical merchandise and intangible exports like travel services or intellectual property. The data can provide insights into the trade balance, market access, and economic interdependence between the two locations.
Methodology
The U.S. Census Bureau collects this data through mandatory exporter reporting.
Historical Context
Analyzing state-level export values is useful for economic development, trade policy, and market opportunity assessments.
Key Facts
- Exports from New Jersey to Rwanda totaled $5.2 million in 2020.
- Rwanda was the 126th largest export destination for New Jersey goods in 2021.
- Food, machinery, and chemicals are top export categories from New Jersey to Rwanda.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Rwanda from New Jersey' trend tracks the total monetary value of goods and services exported from the U.S. state of New Jersey to the country of Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade dynamics and commercial relationship between New Jersey and Rwanda, which is useful for economic development, policy analysis, and market opportunity assessments.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through mandatory reporting by exporters.
Q: How is this trend used in economic policy?
A: State-level export values are leveraged by policymakers, economists, and businesses to evaluate trade flows, market access, and economic interdependence between specific regions.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month reporting lag.
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Citation
U.S. Federal Reserve, Value of Exports to Rwanda from New Jersey (NJRWAA052SCEN), retrieved from FRED.