Value of Exports to Ecuador from New York
NYECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,620,588.00
Year-over-Year Change
29.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ecuador from New York' series measures the total value of goods exported from the New York customs district to Ecuador. This provides insight into trade flows and economic relationships between the two 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 monthly value, in millions of U.S. dollars, of merchandise exported from the Port of New York and New Jersey to Ecuador. It serves as an indicator of the strength of the export economy and commercial ties between New York and Ecuador.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters.
Historical Context
The value of exports is closely monitored by economists and policymakers to assess the health of international trade and the competitiveness of U.S. businesses.
Key Facts
- New York is the largest customs district for U.S. exports.
- Ecuador is an important trade partner for the United States.
- Exports support over 11 million American jobs.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods exported from the New York customs district to Ecuador on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: The value of exports is a key indicator of the strength of international trade and the competitiveness of U.S. businesses in global markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor export data to assess the health of the U.S. economy and inform decisions around trade agreements and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Value of Exports to Ecuador from New York (NYECUA052SCEN), retrieved from FRED.