Value of Exports to Taiwan from North Dakota
NDTWNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,842,774.00
Year-over-Year Change
81.97%
Date Range
1/1/1997 - 1/1/2016
Summary
The 'Value of Exports to Taiwan from North Dakota' measures the total value of goods and services exported from North Dakota to Taiwan over time. This metric is useful for analyzing North Dakota's trade relationships and economic ties with 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 economic trend represents the dollar value of all products and services shipped from North Dakota to Taiwan. It is an important indicator of the strength of North Dakota's export economy and trade dynamics with a key Asian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and businesses use this metric to understand North Dakota's export performance and global competitiveness.
Key Facts
- North Dakota's exports to Taiwan totaled $XXX million in the most recent year.
- Taiwan was North Dakota's Xth largest export destination, accounting for X% of the state's international trade.
- Key North Dakota exports to Taiwan include [list top 2-3 categories].
FAQs
Q: What does this economic trend measure?
A: This metric measures the total dollar value of goods and services exported from the state of North Dakota to Taiwan over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This export value data provides insight into the strength of North Dakota's trade relationship with Taiwan, a key Asian trading partner. It is useful for analyzing the state's export performance and competitiveness in global markets.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and customs records to track the value of products and services shipped from North Dakota to Taiwan.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to monitor North Dakota's export activity, identify growth opportunities, and inform trade policies and strategies to support the state's global competitiveness.
Q: Are there update delays or limitations?
A: This data is typically published with a 1-2 month delay from the reference period. The census data may also have limitations in capturing certain types of services exports or informal trade flows.
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Value of Exports to Taiwan from Wisconsin
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Broad Effective Exchange Rate for Chinese Taipei
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Citation
U.S. Federal Reserve, Value of Exports to Taiwan from North Dakota (NDTWNA052SCEN), retrieved from FRED.