Number of Identified Exporters to India from North Dakota
NDINDA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.00
Year-over-Year Change
61.11%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Number of Identified Exporters to India from North Dakota' trend measures the total number of companies and businesses based in North Dakota that export goods and services to India. This data provides insights into North Dakota's trade relationship with the Indian market.
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 indicator tracks the volume of export activity from North Dakota to India, which is an important trading partner for the state. The data can be used to analyze trends in North Dakota's export sector and assess the state's competitiveness in the Indian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses in North Dakota.
Historical Context
Policymakers and trade analysts use this data to inform decisions around economic development, trade policy, and export promotion programs.
Key Facts
- North Dakota exported $305 million worth of goods to India in 2021.
- The number of identified exporters from North Dakota to India has increased by 25% since 2015.
- India is North Dakota's 5th largest export market.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Identified Exporters to India from North Dakota' trend tracks the total number of companies and businesses based in North Dakota that export goods and services to the Indian market.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into North Dakota's trade relationship with India, an important export destination for the state. It can be used to analyze trends in the state's export sector and assess its competitiveness in the Indian market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses in North Dakota.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this data to inform decisions around economic development, trade policy, and export promotion programs.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Census Bureau, but there may be some delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to India from North Dakota (NDINDA475SCEN), retrieved from FRED.