Value of Exports to Dominican Republic from New York
NYDOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
212,829,822.00
Year-over-Year Change
-24.76%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Dominican Republic from New York' trend measures the total dollar value of goods and services exported from the state of New York to the Dominican Republic. This metric is crucial for understanding regional trade dynamics and New York's economic integration with key 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 value of exports originating from New York to the Dominican Republic, a major trading partner. It provides insight into the composition and volume of trade flows between the two economies, which is vital information for businesses, policymakers, and economic analysts assessing New York's global competitiveness.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
Policymakers and trade groups use this metric to evaluate the effectiveness of trade agreements and programs supporting exporters.
Key Facts
- New York is a leading exporter among U.S. states.
- The Dominican Republic is one of New York's top export destinations in the Caribbean.
- Exports contribute significantly to New York's economic growth and employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the state of New York to the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into New York's trade relationships and economic integration with key international markets, which is vital information for businesses, policymakers, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade groups use this metric to evaluate the effectiveness of trade agreements and programs supporting exporters from New York.
Q: Are there update delays or limitations?
A: The data is subject to the collection and reporting timelines of the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Dominican Republic from New York (NYDOMA052SCEN), retrieved from FRED.