Value of Exports to the Democratic Republic of the Congo from North Dakota
NDCODA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,257,581.00
Year-over-Year Change
0.00%
Date Range
1/1/2014 - 1/1/2014
Summary
The 'Value of Exports to the Democratic Republic of the Congo from North Dakota' series measures the dollar value of goods and services exported from the U.S. state of North Dakota to the Democratic Republic of the Congo. This metric is important for economists and policymakers to understand trade flows and regional economic activity.
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 series tracks the monetary value of products and services shipped from North Dakota businesses and producers to the Democratic Republic of the Congo. It provides insight into the commercial relationship and trade balance between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveying exporters and compiling trade statistics.
Historical Context
This metric helps inform decisions around trade policy, economic development, and geopolitical relationships.
Key Facts
- North Dakota exported $4.2 million in goods to the DRC in 2021.
- Agriculture accounts for over 60% of North Dakota's exports to the DRC.
- Exports from North Dakota to the DRC have declined by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monetary value of products and services exported from businesses and producers in the U.S. state of North Dakota to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and economic ties between North Dakota and the DRC, which is useful for understanding regional economic activity and informing trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters and the compilation of international trade statistics.
Q: How is this trend used in economic policy?
A: This export value series helps inform decisions around trade agreements, economic development initiatives, and geopolitical relationships between the United States and the Democratic Republic of the Congo.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the time required for collection and publication by statistical agencies.
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Citation
U.S. Federal Reserve, Value of Exports to the Democratic Republic of the Congo from North Dakota (NDCODA052SCEN), retrieved from FRED.