Value of Exports to Taiwan from New Jersey
NJTWNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
328,844,369.00
Year-over-Year Change
-3.18%
Date Range
1/1/1992 - 1/1/2016
Summary
This data series measures the value of exports from the state of New Jersey to Taiwan. It provides insights into the economic relationship between New Jersey and one of its key international trading partners.
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
The Value of Exports to Taiwan from New Jersey series tracks the monetary value of goods and services exported from New Jersey businesses to customers in Taiwan. This metric is used by economists and policymakers to analyze trade flows and the economic integration between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of U.S. exporters.
Historical Context
This export data informs trade policy discussions and helps businesses and investors understand New Jersey's engagement with the Taiwanese market.
Key Facts
- New Jersey is a major exporting state, with $54.4 billion in total exports in 2021.
- Taiwan was New Jersey's 11th largest export destination in 2021.
- Semiconductor manufacturing equipment is a top export from New Jersey to Taiwan.
FAQs
Q: What does this economic trend measure?
A: This data series measures the monetary value of goods and services exported from the state of New Jersey to customers in Taiwan.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insights into the economic relationship between New Jersey and Taiwan, a key trading partner, which is useful for businesses, policymakers, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of U.S. exporters.
Q: How is this trend used in economic policy?
A: This export data informs trade policy discussions and helps businesses and investors understand New Jersey's engagement with the Taiwanese market.
Q: Are there update delays or limitations?
A: The data is published monthly, with a 1-2 month delay. It may not capture all export activity, especially for smaller businesses.
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Citation
U.S. Federal Reserve, Value of Exports to Taiwan from New Jersey (NJTWNA052SCEN), retrieved from FRED.