Value of Exports to Saudi Arabia from North Carolina
NCSAUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
210,447,842.00
Year-over-Year Change
16.10%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Saudi Arabia from North Carolina' metric tracks the dollar value of goods exported from North Carolina to Saudi Arabia. This provides insight into North Carolina's trade relationship with a key Middle Eastern market.
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 physical goods and products exported from the state of North Carolina to the Kingdom of Saudi Arabia. It offers a window into the trade flows and economic connections between these two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Economists and policymakers use this metric to assess North Carolina's export performance and competitiveness in the global marketplace.
Key Facts
- North Carolina exported $1.2 billion worth of goods to Saudi Arabia in 2020.
- Aerospace products and parts are North Carolina's top export to Saudi Arabia.
- Saudi Arabia was North Carolina's 9th largest export market in 2020.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of physical goods and products exported from the state of North Carolina to the Kingdom of Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into North Carolina's trade relationship with a key Middle Eastern market, offering important context for assessing the state's export performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to understand North Carolina's export dynamics and trade flows, which can inform decisions around economic development, trade policy, and global market strategies.
Q: Are there update delays or limitations?
A: There may be lags in data availability, as the Census Bureau collects and processes the underlying information.
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Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Saudi Arabia
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Broad Money for Saudi Arabia
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Number of Identified Exporters to Saudi Arabia from North Dakota
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Number of Identified Exporters to Saudi Arabia from Indiana
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Number of Identified Exporters to Saudi Arabia from Mississippi
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Citation
U.S. Federal Reserve, Value of Exports to Saudi Arabia from North Carolina (NCSAUA052SCEN), retrieved from FRED.