Number of Identified Exporters to Australia from North Dakota
NDAUSA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.00
Year-over-Year Change
64.52%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Australia from North Dakota tracks the count of businesses in North Dakota that export goods to Australia. This metric provides insight into the economic ties between the two 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
This series measures the number of distinct North Dakota-based companies that export products to Australia. It serves as an indicator of trade activity and economic integration between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Policymakers and analysts use this trend to monitor North Dakota's export performance and assess the health of trade relationships.
Key Facts
- North Dakota exported over $300 million in goods to Australia in 2021.
- The number of identified North Dakota exporters to Australia has grown by 25% since 2015.
- Australia is North Dakota's 4th largest export destination after Canada, Mexico, and China.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of distinct businesses located in North Dakota that export goods to Australia. It provides insight into the trade ties between the two regions.
Q: Why is this trend relevant for users or analysts?
A: The number of exporters is an important indicator of a state's economic integration and competitiveness in global markets. Tracking this metric helps policymakers and businesses understand North Dakota's trade performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to evaluate the success of export promotion programs and identify opportunities to expand North Dakota's international trade relationships.
Q: Are there update delays or limitations?
A: There is typically a 6-9 month delay in the release of this data by the Census Bureau. The metric may not capture all exporting businesses, particularly smaller or irregular exporters.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Australia from North Dakota (NDAUSA475SCEN), retrieved from FRED.