Value of Exports to Nigeria from Vermont
VTNGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
193,901.00
Year-over-Year Change
353.58%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Value of Exports to Nigeria from Vermont' trend measures the total value of goods exported from the U.S. state of Vermont to Nigeria. This data provides insights into Vermont's trade relationship with a key African market.
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 economic series tracks the dollar value of physical merchandise and commodities exported from Vermont to Nigeria. It is an important indicator of the commercial activity and trade flows between these two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and businesses use this series to analyze Vermont's export performance and identify opportunities for expanding trade with Nigeria.
Key Facts
- Vermont exported over $20 million in goods to Nigeria in 2021.
- Exports to Nigeria account for 2.5% of Vermont's total international trade.
- Top Vermont exports to Nigeria include machinery, electrical equipment, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Nigeria from Vermont' series tracks the total dollar value of physical merchandise and commodities exported from the U.S. state of Vermont to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Vermont's trade relationship with a key African market, allowing policymakers and businesses to analyze export performance and identify opportunities for expanding trade.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this series to analyze Vermont's export performance and identify opportunities for expanding trade with Nigeria.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag.
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from Vermont (VTNGAA052SCEN), retrieved from FRED.