Real Exports of Goods for Australia
Annual, Not Seasonally Adjusted
NXGRXDCAUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
594,395.00
Year-over-Year Change
37.73%
Date Range
1/1/1972 - 1/1/2024
Summary
The 'Annual, Not Seasonally Adjusted' economic trend measures the value of U.S. goods exports on an annual, unadjusted basis. This provides insight into long-term trade patterns and the health of the U.S. export economy.
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 total dollar value of physical goods exported from the United States to other countries, reported on an annual basis without seasonal adjustments. It is a key metric for understanding the performance and trajectory of the U.S. export sector.
Methodology
The data is collected by the U.S. Census Bureau through surveys of export shipments.
Historical Context
Policymakers and economists use this trend to assess the international competitiveness of U.S. industries and the broader trade balance.
Key Facts
- U.S. goods exports totaled $1.65 trillion in 2021.
- Exports have grown at an average annual rate of 3.8% over the past decade.
- China is the largest destination for U.S. goods exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of physical goods exported from the United States to other countries on an annual, unadjusted basis.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the long-term performance and international competitiveness of the U.S. export economy, which is crucial for understanding trade dynamics and the broader health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of export shipments.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the international competitiveness of U.S. industries and the broader trade balance, which informs trade policy and other economic decision-making.
Q: Are there update delays or limitations?
A: The data is reported on an annual basis with a lag of several months, so there may be a delay in the most recent information.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (NXGRXDCAUA), retrieved from FRED.