Value of Exports to Iraq from New York
NYIRQA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,732,796.00
Year-over-Year Change
-22.13%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Value of Exports to Iraq from New York' trend measures the total value of goods exported from the state of New York to Iraq. This metric is important for understanding trade relationships and economic activity 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 dollar value of physical commodities and merchandise exported from New York to Iraq. The data is collected and reported by the U.S. Census Bureau to provide insight into the trade flows between the state and this specific international market.
Methodology
The data is collected through customs declarations and surveys of exporting businesses.
Historical Context
Policymakers and economists monitor this trend to assess the health of New York's export economy and its commercial ties with Iraq.
Key Facts
- New York is a major exporting state, responsible for over $70 billion in annual goods exports.
- Iraq is an important trading partner for the U.S., receiving over $3 billion in exports annually.
- The 'Value of Exports to Iraq from New York' trend has fluctuated significantly in recent years due to geopolitical factors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of physical goods and commodities exported from the state of New York to the country of Iraq.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and economic activity between New York and Iraq, which is useful for policymakers, businesses, and economists analyzing regional and global trade patterns.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs declarations and surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the health of New York's export economy and its commercial ties with Iraq, which can inform trade policies and negotiations.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential limitations in capturing all export activity, as the data relies on voluntary reporting from businesses.
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Citation
U.S. Federal Reserve, Value of Exports to Iraq from New York (NYIRQA052SCEN), retrieved from FRED.