Number of Identified Exporters to Saudi Arabia from New Jersey
NJSAUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
688.00
Year-over-Year Change
26.24%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Saudi Arabia from New Jersey' series tracks the count of businesses located in New Jersey that exported goods to Saudi Arabia. This metric provides insights into the trade relationship between New Jersey and a key global market.
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 economic trend represents the number of companies based in New Jersey that have been identified as exporting products or services to Saudi Arabia. It offers a gauge of the level of commercial activity and trade flow between the state and this important international destination.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this metric to assess New Jersey's export performance and the state's economic integration with the Saudi Arabian market.
Key Facts
- New Jersey is one of the top exporting states in the U.S.
- Saudi Arabia is a major trading partner for many U.S. states.
- Exporting supports high-wage jobs and economic growth in New Jersey.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in New Jersey that have been identified as exporting goods or services to Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between New Jersey and Saudi Arabia, which is an important global market. It helps policymakers and economists assess the state's export performance and economic integration.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate New Jersey's export performance and the state's economic integration with the Saudi Arabian market, which can inform trade, economic development, and other policies.
Q: Are there update delays or limitations?
A: There may be delays in data reporting or limitations in the identification of all exporting companies, but the Census Bureau strives to provide timely and comprehensive data.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Saudi Arabia from New Jersey (NJSAUA475SCEN), retrieved from FRED.