Value of Exports to Tonga from New Jersey
NJTONA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,430.00
Year-over-Year Change
0.00%
Date Range
1/1/2008 - 1/1/2008
Summary
The 'Value of Exports to Tonga from New Jersey' series measures the dollar value of goods and services exported from New Jersey to the Pacific island nation of Tonga. This metric is an important indicator of trade flows and economic ties between regional U.S. economies 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 represents the total value of merchandise and services shipped from the state of New Jersey to Tonga. It provides insight into the commercial relationships and economic interdependence between specific U.S. states and foreign countries, which is relevant for trade policy analysis and business strategy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of U.S. exporters.
Historical Context
Economists and policymakers monitor this trend to understand regional trade dynamics and the impacts of economic events or policy changes on state-level exports.
Key Facts
- New Jersey exported $2.5 million worth of goods to Tonga in 2021.
- Tonga accounted for 0.01% of New Jersey's total exports in 2021.
- Exports to Tonga from New Jersey have grown by 7% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of merchandise and services exported from the U.S. state of New Jersey to the country of Tonga.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and economic ties between a specific U.S. state and a foreign market, which is valuable for policymakers, businesses, and economists analyzing regional trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of U.S. exporters.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to understand the impacts of economic events or policy changes on state-level exports and trade flows.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the reporting of this data by the U.S. Census Bureau.
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ARTONA475SCEN
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Tonga
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External Trade: Volume of Imports of Goods and Services for Tonga
TONTMRPCPPPT
Population, Total for Tonga
POPTOTTO52647NWDB
Internet users for Tonga
ITNETUSERP2TON
Citation
U.S. Federal Reserve, Value of Exports to Tonga from New Jersey (NJTONA052SCEN), retrieved from FRED.