Value of Exports to Latvia from North Carolina
NCLVAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,494,040.00
Year-over-Year Change
142.30%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Latvia from North Carolina' metric tracks the total value of goods and services exported from North Carolina to the country of Latvia. This provides insight into the economic relationship and trade flows between the U.S. state and the Baltic 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 indicator represents the monetary value of all products and services shipped from North Carolina to buyers and businesses in Latvia. It is used by economists, trade analysts, and policymakers to understand North Carolina's export activity and trade balance with this specific international market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and trade records.
Historical Context
Policymakers and businesses use this metric to guide decisions around economic development, market expansion, and trade policy.
Key Facts
- North Carolina is a major U.S. exporting state.
- Latvia is a small but growing market for North Carolina goods.
- Exports to Latvia account for a small fraction of North Carolina's total international trade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total monetary value of all products and services exported from the U.S. state of North Carolina to the country of Latvia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic relationship and trade flows between North Carolina and Latvia, which is useful for policymakers, businesses, and economists analyzing regional export activity.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and trade records.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to guide decisions around economic development, market expansion, and trade policy between North Carolina and Latvia.
Q: Are there update delays or limitations?
A: There may be lags in reporting and potential limitations in capturing all trade flows, as with any economic data collection.
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Citation
U.S. Federal Reserve, Value of Exports to Latvia from North Carolina (NCLVAA052SCEN), retrieved from FRED.