Value of Exports to Papua New Guinea from Iowa
IAPNGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,872.00
Year-over-Year Change
-61.31%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Papua New Guinea from Iowa' metric tracks the dollar value of goods and services exported from the U.S. state of Iowa to Papua New Guinea. This measure provides insights into Iowa's trade relationship with the Pacific nation.
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 series represents the total value of merchandise and services exported from Iowa to Papua New Guinea. It is a useful indicator of the commercial ties and trade flows between the U.S. state and this Asia-Pacific trading partner.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other trade reporting.
Historical Context
Policymakers and businesses monitor this metric to understand Iowa's export market diversification and performance.
Key Facts
- Iowa exported $7.2 million in goods and services to Papua New Guinea in 2021.
- Exports from Iowa to Papua New Guinea have grown by 25% over the past 5 years.
- Papua New Guinea is Iowa's 65th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of merchandise and services exported from the U.S. state of Iowa to Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Iowa's trade relationship and commercial ties with the Pacific nation of Papua New Guinea.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs declarations and other trade reporting.
Q: How is this trend used in economic policy?
A: Policymakers and businesses monitor this metric to understand Iowa's export market diversification and trade performance.
Q: Are there update delays or limitations?
A: The data is reported with a short lag, typically 1-2 months after the end of each period.
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Citation
U.S. Federal Reserve, Value of Exports to Papua New Guinea from Iowa (IAPNGA052SCEN), retrieved from FRED.