Number of Identified Exporters to Singapore from North Carolina
NCSGPA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
583.00
Year-over-Year Change
26.46%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic indicator tracks the number of identified exporters from the U.S. state of North Carolina to Singapore. It provides insights into the level of trade activity and commercial ties between these regions.
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
The 'Number of Identified Exporters to Singapore from North Carolina' series measures the count of unique businesses located in North Carolina that have reported exporting goods or services to Singapore. This metric serves as a proxy for the scale and dynamism of economic exchange between the two markets.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This indicator is used by economists and policymakers to assess the health of North Carolina's export economy and its commercial relationship with Singapore.
Key Facts
- North Carolina is a major exporting state, accounting for over $35 billion in annual merchandise exports.
- Singapore is North Carolina's 10th largest export destination, receiving over $800 million in goods annually.
- The number of identified North Carolina exporters to Singapore has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of unique businesses located in North Carolina that have reported exporting goods or services to Singapore.
Q: Why is this trend relevant for users or analysts?
A: The number of identified exporters serves as a proxy for the scale and dynamism of economic exchange between North Carolina and Singapore, providing insights into the health of the state's export economy and its commercial relationship with this key trading partner.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to assess the health of North Carolina's export economy and its commercial relationship with Singapore, informing trade, investment, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all exporting entities due to survey non-response or exclusion of smaller exporters.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Singapore from North Carolina (NCSGPA475SCEN), retrieved from FRED.