Value of Exports to Ethiopia from New York
NYETHA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,222,506.00
Year-over-Year Change
-78.67%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Value of Exports to Ethiopia from New York' measures the dollar value of goods and services exported from the state of New York to the country of Ethiopia. This metric is important for understanding trade dynamics and economic ties between U.S. states and foreign nations.
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 monetary value of all products and services exported from the state of New York to Ethiopia. It is a key indicator of the trade relationship and economic integration between the two regions. Economists and policymakers use this data to analyze export patterns, forecast trade flows, and inform trade policy decisions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
This economic trend is relevant for assessing New York's export performance and Ethiopia's role in the state's international trade activities.
Key Facts
- New York is the 3rd largest exporting state in the U.S.
- Ethiopia is the 49th largest export destination for New York goods and services.
- Exports from New York to Ethiopia have grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the dollar value of all goods and services exported from the state of New York to the country of Ethiopia.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding trade dynamics and economic ties between U.S. states and foreign nations, which is crucial information for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze export patterns, forecast trade flows, and inform trade policy decisions between the U.S. and Ethiopia.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-month lag, so the most recent figures may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Value of Exports to Ethiopia from New York (NYETHA052SCEN), retrieved from FRED.