Value of Exports to Japan from North Dakota
NDJPNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
33,551,698.00
Year-over-Year Change
39.85%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Japan from North Dakota' measures the dollar value of goods and services exported from North Dakota to Japan. This metric is important for understanding North Dakota's trade relationships and economic connections with key international markets.
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 data series tracks the total value of exports originating from North Dakota that are destined for Japan. It provides insight into the scale and composition of trade flows between the state and this major Asian economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and economists use this metric to assess North Dakota's export competitiveness and the state's integration with the global economy.
Key Facts
- North Dakota exported over $500 million in goods to Japan in 2021.
- Agricultural products make up the majority of North Dakota's exports to Japan.
- Japan is North Dakota's 3rd largest export destination after Canada and Mexico.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total value of goods and services exported from the state of North Dakota to Japan.
Q: Why is this trend relevant for users or analysts?
A: The 'Value of Exports to Japan from North Dakota' provides insight into the economic relationship between the state and a major international trading partner, which is crucial for understanding North Dakota's participation in the global economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess North Dakota's export competitiveness and the state's integration with the global economy, which can inform trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 2-3 months after the end of the reference period, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Value of Exports to Japan from North Dakota (NDJPNA052SCEN), retrieved from FRED.