Number of Identified Exporters to Nigeria from South Carolina
SCNGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.00
Year-over-Year Change
166.67%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Nigeria from South Carolina' measures the count of businesses located in South Carolina that have exported goods to Nigeria. This economic indicator provides insights into trade dynamics and commercial activity 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 series tracks the total number of exporters based in South Carolina that have reported shipments to Nigeria. It serves as a barometer for South Carolina's trade engagement with the Nigerian market and can signal changes in commercial relationships between the state and this major African economy.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys and customs declarations.
Historical Context
Policymakers and trade analysts use this metric to assess South Carolina's export performance and integration with fast-growing international markets.
Key Facts
- South Carolina is a leading U.S. exporting state.
- Nigeria is Africa's largest economy and a major trading partner.
- Exporting supports thousands of jobs in South Carolina.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of businesses located in South Carolina that have reported exporting goods to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into South Carolina's trade engagement with the Nigerian market, which is critical for assessing the state's export performance and commercial relationships.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this indicator to evaluate South Carolina's export dynamics and integration with fast-growing international markets like Nigeria.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the time required for businesses to submit surveys and for the Census Bureau to compile the information.
Related Trends
Number of Identified Exporters to Nigeria from North Carolina
NCNGAA475SCEN
Value of Exports to Nigeria from District of Columbia
DCNGAA052SCEN
Use of Financial Services, Assets: Outstanding Loans at Other Financial Intermediaries for Nigeria
NGAFCSMXDC
Stock Market Capitalization to GDP for Nigeria
DDDM01NGA156NWDB
Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Nigeria
NGAFCRODCANUM
Gross Debt Position of the General Government for Nigeria
NGAGGXWDGG01GDPPT
Citation
U.S. Federal Reserve, Number of Identified Exporters to Nigeria from South Carolina (SCNGAA475SCEN), retrieved from FRED.