Number of Identified Exporters to Norway from Alabama
ALNORA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.00
Year-over-Year Change
19.51%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Norway from Alabama' series tracks the count of Alabama-based companies that export goods to Norway. This metric is a key indicator of 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 data series represents the number of businesses located in the U.S. state of Alabama that are identified as exporting products or services to Norway. It provides insight into the commercial relationship and trade flows between Alabama and the Norwegian market.
Methodology
The data is collected through customs and trade reporting by the U.S. Census Bureau.
Historical Context
This series is used by economists and policymakers to analyze trends in international trade and the competitiveness of Alabama-based exporters.
Key Facts
- Alabama exported over $700 million in goods to Norway in 2021.
- The number of identified Alabama exporters to Norway has grown by 15% over the past 5 years.
- Machinery and transportation equipment are Alabama's top exports to Norway.
FAQs
Q: What does this economic trend measure?
A: This series measures the number of businesses located in the U.S. state of Alabama that are identified as exporting goods or services to Norway.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the commercial relationship and trade flows between Alabama and the Norwegian market, which is useful for economists and policymakers analyzing regional export activity and international trade patterns.
Q: How is this data collected or calculated?
A: The data is collected through customs and trade reporting by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This series is used by economists and policymakers to analyze trends in international trade and the competitiveness of Alabama-based exporters, 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 a 1-2 month delay in the reporting of this data due to the time required for customs processing and Census Bureau reporting.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Norway from Alabama (ALNORA475SCEN), retrieved from FRED.