Value of Exports to Nicaragua from Tennessee
TNNICA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,396,629.00
Year-over-Year Change
213.10%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Nicaragua from Tennessee' measures the dollar value of goods exported from Tennessee to the country of Nicaragua. This metric is important for understanding trade dynamics and regional 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 represents the monetary value of products and commodities shipped from the U.S. state of Tennessee to the Central American nation of Nicaragua. It provides insight into the commercial relationship and trade flows between these two geographic areas.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and economists use this metric to assess the strength of Tennessee's export sector and its engagement with the Nicaraguan market.
Key Facts
- Tennessee exported $42.3 million worth of goods to Nicaragua in 2021.
- Exports to Nicaragua account for 0.5% of Tennessee's total international trade.
- Top Tennessee exports to Nicaragua include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This metric measures the dollar value of goods and products exported from the U.S. state of Tennessee to the country of Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship and commercial activity between Tennessee and Nicaragua, which is relevant for understanding regional economic dynamics and international commerce.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the strength of Tennessee's export sector and its engagement with the Nicaraguan market, which can inform trade policies and regional economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric does not capture all economic activity, such as services trade or informal cross-border commerce.
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Citation
U.S. Federal Reserve, Value of Exports to Nicaragua from Tennessee (TNNICA052SCEN), retrieved from FRED.