Value of Exports to Nigeria from Washington
WANGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,238,389.00
Year-over-Year Change
32.70%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Nigeria from Washington' measures the dollar value of goods and services exported from the U.S. state of Washington to Nigeria. This metric is useful for analyzing Washington's trade relationships and economic ties with key African markets.
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 data series tracks the monetary value of all products and services exported from Washington to Nigeria over time. It is an important indicator of the commercial and economic activity between the two regions, shedding light on the flow of goods, services, and resources.
Methodology
The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Historical Context
Policymakers and trade analysts use this metric to assess the health of Washington's export economy and its engagement with emerging African markets.
Key Facts
- Washington exported over $150 million in goods and services to Nigeria in 2021.
- Nigeria is Washington's 3rd largest export market in Africa.
- Aerospace products are Washington's top export category to Nigeria.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total dollar value of all goods and services exported from the U.S. state of Washington to Nigeria over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for evaluating Washington's trade relationships and economic ties with key African markets like Nigeria, which is an important destination for the state's exports.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess the health of Washington's export economy and its engagement with emerging African markets like Nigeria.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates from the Census Bureau, so there may be some delay before the latest figures are available.
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from Washington (WANGAA052SCEN), retrieved from FRED.