Number of Identified Exporters to Hong Kong from North Dakota
NDHKGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
18.18%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Hong Kong from North Dakota' measures the volume of businesses based in North Dakota that export goods and services to Hong Kong. This metric provides insight into the trade relationship between North Dakota and Hong Kong.
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 number of North Dakota companies identified as exporting to the Hong Kong market. It serves as an indicator of the breadth and depth of economic ties between the state and this major global trade hub.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this series to assess North Dakota's export performance and trade diversification.
Key Facts
- North Dakota had 475 identified exporters to Hong Kong as of the latest data.
- Hong Kong is North Dakota's 4th largest export destination.
- Exports to Hong Kong account for 7% of North Dakota's total international trade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of companies based in North Dakota that have been identified as exporting goods or services to Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth of North Dakota's trade relationship with Hong Kong, a major global economic center. It helps analysts and policymakers assess the state's export performance and diversification.
Q: How is this data collected or calculated?
A: The data is collected through business surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to evaluate North Dakota's export competitiveness and identify opportunities to expand trade with Hong Kong and other global markets.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but may have a several month lag due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Hong Kong from North Dakota (NDHKGA475SCEN), retrieved from FRED.