Value of Exports to Dominica from North Carolina
NCDMAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
219,350.00
Year-over-Year Change
305.35%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Dominica from North Carolina' metric tracks the total dollar value of goods and services exported from North Carolina to the Caribbean island nation of Dominica. This provides insight into the trade relationship between the U.S. state and that country.
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 trend represents the monetary value of products and services shipped from businesses in North Carolina to consumers and companies in Dominica. It is used by policymakers, economists, and trade analysts to understand the commercial ties and relative importance of this export market for the state's economy.
Methodology
The data is collected through surveys of North Carolina exporters and compiled by the U.S. Census Bureau.
Historical Context
Monitoring this export value helps inform trade and economic development policies between the United States and Dominica.
Key Facts
- North Carolina exported $12.4 million in goods and services to Dominica in 2021.
- Dominica was the 104th largest export destination for North Carolina in 2021.
- Machinery, agricultural products, and vehicles are major North Carolina exports to Dominica.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total monetary value of products and services exported from businesses in the U.S. state of North Carolina to the country of Dominica.
Q: Why is this trend relevant for users or analysts?
A: Monitoring North Carolina's export values to Dominica provides insight into the trade relationship and commercial ties between the state and that Caribbean nation, which is useful for policymakers, economists, and trade analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of North Carolina exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This export value metric helps inform trade and economic development policies between the United States and Dominica.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 2-3 months after the end of each reference period.
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Citation
U.S. Federal Reserve, Value of Exports to Dominica from North Carolina (NCDMAA052SCEN), retrieved from FRED.