Number of Identified Exporters to Liberia from New Jersey
NJLBRA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36.00
Year-over-Year Change
28.57%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Liberia from New Jersey' metric tracks the count of businesses based in New Jersey that export goods to Liberia. This data provides insights into trade patterns 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 reports the number of exporters located in New Jersey that ship products to Liberia. It offers a proxy for the strength of trade relationships and commercial activity between the state and this African nation.
Methodology
The data is collected through surveys and administrative records on international trade flows.
Historical Context
Policymakers and trade analysts use this metric to monitor changes in commercial engagement between New Jersey and Liberia over time.
Key Facts
- New Jersey exported over $20 million in goods to Liberia in 2021.
- The number of identified New Jersey exporters to Liberia has grown by 15% since 2015.
- Machinery and chemical products are the top export categories from New Jersey to Liberia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses based in New Jersey that export goods to Liberia. It provides a measure of trade activity between the two regions.
Q: Why is this trend relevant for users or analysts?
A: The 'Number of Identified Exporters to Liberia from New Jersey' data offers insights into the commercial relationship between New Jersey and this African market, which is useful for trade policymakers and economic development analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records on international trade flows.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to monitor changes in commercial engagement between New Jersey and Liberia over time, which can inform decisions around trade agreements, export promotion programs, and economic development initiatives.
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 collection and processing of international trade statistics.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Liberia from New Jersey (NJLBRA475SCEN), retrieved from FRED.