Value of Exports to Hungary from North Carolina
NCHUNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,897,888.00
Year-over-Year Change
-43.30%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Hungary from North Carolina' metric tracks the dollar value of goods and services exported from North Carolina to Hungary. This data point is important for understanding North Carolina's international trade relationships and economic integration.
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 measures the total value of exports from the U.S. state of North Carolina to the country of Hungary. The data is used by economists, policymakers, and businesses to analyze North Carolina's trade dynamics and competitiveness in global markets.
Methodology
The data is collected and reported by the U.S. Census Bureau through its international trade statistics program.
Historical Context
This export value trend is closely watched by trade organizations, state economic development agencies, and multinational firms to assess North Carolina's export performance and identify opportunities for growth.
Key Facts
- North Carolina is a major exporting state, shipping over $36 billion in goods annually.
- Hungary is an important trading partner for North Carolina, ranking among the state's top 20 export destinations.
- Manufacturing products like machinery, transportation equipment, and chemicals make up the bulk of North Carolina's exports to Hungary.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of goods and services exported from the U.S. state of North Carolina to the country of Hungary.
Q: Why is this trend relevant for users or analysts?
A: The export value data is important for understanding North Carolina's international trade relationships and economic integration, which is closely watched by policymakers, businesses, and economic development organizations.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its international trade statistics program.
Q: How is this trend used in economic policy?
A: This export value trend is used by trade organizations, state agencies, and companies to assess North Carolina's export performance and identify opportunities for growth in global markets.
Q: Are there update delays or limitations?
A: There can be lags of several months in the reporting of this data due to the time required for collection and compilation by statistical agencies.
Related Trends
Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Hungary
HUNFCRODCPENUM
Infra-Annual Labor Statistics: Working-Age Population Total: From 25 to 54 Years for Hungary
LFWA25TTHUQ647S
Residential Property Prices for Hungary
QHUN628BIS
Bank's Return on Assets for Hungary
DDEI05HUA156NWDB
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: From 15 to 24 Years for Hungary
LRHU24MAHUA156N
Infra-Annual Labor Statistics: Employment Female: From 15 to 74 Years for Hungary
LFEM74FEHUA647N
Citation
U.S. Federal Reserve, Value of Exports to Hungary from North Carolina (NCHUNA052SCEN), retrieved from FRED.