Value of Exports to Singapore from North Carolina
NCSGPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
380,411,568.00
Year-over-Year Change
26.47%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Singapore from North Carolina' measures the total value of goods and services exported from North Carolina to Singapore. This metric is important for understanding North Carolina's international trade dynamics and the state's economic relationship with a key trading partner.
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 tracks the dollar value of all products and services that are produced in North Carolina and then sold to customers in Singapore. It provides insight into the trade balance and commercial ties between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and economists use this series to assess North Carolina's export performance and its participation in global supply chains.
Key Facts
- North Carolina exported over $800 million in goods and services to Singapore in 2021.
- Singapore is North Carolina's 11th largest export destination globally.
- Exports to Singapore account for 2.3% of North Carolina's total international trade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the state of North Carolina to the country of Singapore.
Q: Why is this trend relevant for users or analysts?
A: The value of exports from North Carolina to Singapore provides insight into the state's participation in international trade and its economic relationship with a key trading partner.
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 records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to assess North Carolina's export performance and its involvement in global supply chains.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a delay of several months in its release.
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Citation
U.S. Federal Reserve, Value of Exports to Singapore from North Carolina (NCSGPA052SCEN), retrieved from FRED.