Value of Exports to Taiwan from New York
NYTWNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
613,628,893.00
Year-over-Year Change
-13.67%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Taiwan from New York' series tracks the total value of goods and services exported from the state of New York to Taiwan. This measure is important for understanding trade flows and the economic relationship between the U.S. and Taiwan.
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 total monetary value of all products and services exported from New York to Taiwan in a given time period. It provides insight into the strength of the trading partnership between the two economies and the export-driven activity within New York.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and cross-border transactions.
Historical Context
Policymakers and trade analysts use this series to monitor the health of U.S. exports and the economic ties between New York and Taiwan.
Key Facts
- New York is the 3rd largest exporting state in the U.S.
- Taiwan is the 10th largest export destination for the U.S.
- Exports account for over 10% of New York's gross state product
FAQs
Q: What does this economic trend measure?
A: This series tracks the total monetary value of all goods and services exported from the state of New York to Taiwan.
Q: Why is this trend relevant for users or analysts?
A: This measure provides insight into the strength of the trading relationship between New York and Taiwan, which is important for understanding regional export dynamics and the health of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and cross-border transactions.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this series to monitor the health of U.S. exports and the economic ties between New York and Taiwan, which can inform decisions on trade agreements, tariffs, and other policies.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the time required for businesses to report export information to the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Taiwan from New York (NYTWNA052SCEN), retrieved from FRED.