Number of Identified Exporters to Nigeria from New York
NYNGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
727.00
Year-over-Year Change
168.27%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Nigeria from New York' metric tracks the volume of businesses exporting from New York to Nigeria, providing insights into trade flows and economic activity.
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 measures the count of unique exporters shipping goods from New York to Nigeria. It offers a window into the scale and dynamics of U.S.-Nigeria trade relationships, which are of interest to economists, policymakers, and businesses.
Methodology
The data is collected through customs and international trade records.
Historical Context
This trend is used to monitor trade patterns and assess the health of commercial ties between the U.S. and key African markets.
Key Facts
- New York is a major hub for U.S. exports to Africa.
- Nigeria is one of the largest trading partners for the U.S. in sub-Saharan Africa.
- Exporter counts can indicate the diversification of trade relationships.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of unique businesses in New York that are identified as exporting goods to Nigeria, providing insights into trade dynamics.
Q: Why is this trend relevant for users or analysts?
A: This data is valuable for understanding the scale and health of commercial ties between the U.S. and key African markets like Nigeria, which is important for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through customs and international trade records.
Q: How is this trend used in economic policy?
A: This metric is used to monitor trade patterns and assess the state of U.S.-Nigeria commercial relationships, which is relevant for trade policy, investment decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the time required to compile customs and trade records.
Related Trends
Bank's Net Interest Margin for Nigeria
DDEI01NGA156NWDB
Firms with a Bank Loan or Line of Credit to Total Firms for Nigeria
DDAI03NGA156NWDB
Fertility Rate, Total for Nigeria
SPDYNTFRTINNGA
Number of Listed Companies for Nigeria
DDOM01NGA644NWDB
Population ages 65 and above for Nigeria
SPPOP65UPTOZSNGA
Net Lending (+) / Net Borrowing (-) (balance from Financial Account) as Direct Investment for Nigeria
NGABFDBP6GDPPT
Citation
U.S. Federal Reserve, Number of Identified Exporters to Nigeria from New York (NYNGAA475SCEN), retrieved from FRED.