Value of Exports to Nigeria from Missouri
MONGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,158,149.00
Year-over-Year Change
1016.78%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Nigeria from Missouri' series measures the total dollar value of goods and services exported from the U.S. state of Missouri to Nigeria. This provides insight into the trade relationship between Missouri and a key African economy.
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 tracks the volume of exports flowing from Missouri to Nigeria, one of the largest and most important markets for U.S. goods and services in sub-Saharan Africa. Analyzing trends in this data can help policymakers and businesses understand the dynamics of this bilateral trade relationship.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Monitoring state-level export activity is crucial for informing economic development and trade policy decisions.
Key Facts
- Missouri exported over $250 million in goods to Nigeria in 2021.
- Machinery and transportation equipment are top Missouri exports to Nigeria.
- Nigeria is Missouri's 4th largest export market in Africa.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar value of goods and services exported from the U.S. state of Missouri to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: Analyzing export flows between Missouri and Nigeria provides insights into the trade relationship between the state and this key African market, informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Monitoring state-level export activity is crucial for informing economic development and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag but provides a comprehensive view of Missouri's exports to Nigeria.
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from Missouri (MONGAA052SCEN), retrieved from FRED.