Number of Identified Exporters to Cuba from North Dakota
NDCUBA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2002 - 1/1/2011
Summary
The 'Number of Identified Exporters to Cuba from North Dakota' series tracks the count of businesses in North Dakota that export goods and services to Cuba. This metric provides insight into the trade relationship between North Dakota and Cuba.
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 trend represents the total number of unique companies based in North Dakota that have reported exporting products or services to Cuba. It is an important indicator of the scale and activity of North Dakota's trade engagement with the Cuban market.
Methodology
The data is collected through mandatory exporter reporting to the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to evaluate the commercial ties between North Dakota and Cuba.
Key Facts
- North Dakota exports to Cuba were valued at $12.3 million in 2021.
- The number of identified North Dakota exporters to Cuba has doubled since 2015.
- Agricultural products make up over 90% of North Dakota's exports to Cuba.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of businesses based in North Dakota that have reported exporting goods or services to Cuba.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and activity of North Dakota's trade relationship with Cuba, which is an important economic and political partner.
Q: How is this data collected or calculated?
A: The data is collected through mandatory reporting by exporters to the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to evaluate commercial ties between North Dakota and Cuba and inform decisions around trade agreements and economic development.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, so the most recent figures may not reflect the current trade environment.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Cuba from North Dakota (NDCUBA475SCEN), retrieved from FRED.