Value of Exports to Nigeria from New York
NYNGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
56,207,004.00
Year-over-Year Change
55.91%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Nigeria from New York' metric tracks the dollar value of goods and services exported from the state of New York to Nigeria. This data provides insight into the trade relationship between the two economies.
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 represents the nominal dollar value of all exports originating from the state of New York and destined for Nigeria. It is a key indicator of the commercial and economic ties between the two regions and can inform trade policy and business decisions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies and customs records.
Historical Context
Policymakers and economists use this metric to assess the strength of New York's export economy and its integration with the Nigerian market.
Key Facts
- New York is a major exporting state, responsible for over $70 billion in annual exports.
- Nigeria is Africa's largest economy and a key trading partner for the United States.
- Exports from New York to Nigeria have grown by over 25% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of goods and services exported from the state of New York to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship between New York and Nigeria, which is important for understanding commercial ties and informing economic policy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the strength of New York's export economy and its integration with the Nigerian market, which can inform trade policy and business decisions.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in the availability of the most recent data, and the metric does not capture all informal or unreported trade activity.
Related Trends
5-Bank Asset Concentration for Nigeria
DDOI06NGA156NWDB
Value of Exports to Nigeria from Illinois
ILNGAA052SCEN
Use of Financial Services: Key Indicators, Outstanding Small and Medium Enterprises Loans from Commercial Banks for Nigeria
NGAFCSODCSGGDPPT
Value of Exports to Nigeria from North Carolina
NCNGAA052SCEN
Geographical Outreach: Number of Commercial Banks for Nigeria
NGAFCIODCNUM
Number of Identified Exporters to Nigeria from Washington
WANGAA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Nigeria from New York (NYNGAA052SCEN), retrieved from FRED.