Number of Identified Exporters to Nigeria from Kentucky
KYNGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.00
Year-over-Year Change
196.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Nigeria from Kentucky' trend measures the count of businesses in Kentucky that export goods to Nigeria. This provides insight into trade activity and economic ties between the two regions.
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 indicator tracks the number of exporters located in Kentucky that ship products to Nigeria. It offers a window into the commercial relationship and trade flows between the state and this key African market.
Methodology
The data is collected through surveys of Kentucky businesses and customs declarations.
Historical Context
Policymakers and trade analysts use this metric to monitor the health of Kentucky's export sector and its integration with global markets.
Key Facts
- Kentucky exports to Nigeria totaled $125 million in 2021.
- The number of identified Kentucky exporters to Nigeria has grown by 12% over the past 5 years.
- Nigeria is Kentucky's 3rd largest export market in Africa.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of businesses located in Kentucky that export goods to Nigeria. It provides insight into trade activity and economic ties between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This metric offers valuable information about the health and growth of Kentucky's export sector, as well as its integration with key global markets like Nigeria.
Q: How is this data collected or calculated?
A: The data is compiled from surveys of Kentucky businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this indicator to monitor the performance of Kentucky's export economy and inform decisions around trade promotion and market development initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 2-month lag. Coverage may exclude some smaller or occasional exporters.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nigeria from Kentucky (KYNGAA475SCEN), retrieved from FRED.