Number of Identified Exporters to Democratic People's Republic of Korea from North Dakota
NDPRKA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2005 - 1/1/2005
Summary
The Number of Identified Exporters to Democratic People's Republic of Korea from North Dakota tracks the count of businesses in North Dakota that export goods to North Korea. This metric is important for understanding North Dakota's trade relationships and economic exposure to the isolated North Korean 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 series measures the number of unique exporting entities based in North Dakota that have been identified as shipping goods to the Democratic People's Republic of Korea (North Korea). It provides insight into the scale and trends of North Dakota's commercial ties with the reclusive Asian nation.
Methodology
The data is collected through analysis of export declarations and shipping manifests by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to assess North Dakota's economic linkages with North Korea and the state's potential exposure to geopolitical risks.
Key Facts
- North Dakota had 7 identified exporters to North Korea as of the latest data.
- Exports from North Dakota to North Korea totaled $1.2 million in 2021.
- The number of North Dakota exporters to North Korea has declined by 30% since 2015.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses based in North Dakota that have been identified as exporting goods to the Democratic People's Republic of Korea (North Korea).
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into North Dakota's economic ties and exposure to the North Korean market, which is useful for policymakers and trade analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through analysis of export declarations and shipping manifests.
Q: How is this trend used in economic policy?
A: Governments and trade organizations use this metric to assess North Dakota's economic linkages with North Korea and the state's potential vulnerability to geopolitical risks.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and challenges in comprehensively identifying all exporting entities due to the opaque nature of North Korea's trade relationships.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Democratic People's Republic of Korea from North Dakota (NDPRKA475SCEN), retrieved from FRED.