Number of Identified Exporters to Aruba from New Jersey
NJABWA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80.00
Year-over-Year Change
12.68%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend tracks the number of businesses located in New Jersey that export goods to Aruba. It provides insight into trade flows and commercial relationships between the two regions.
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
The Number of Identified Exporters to Aruba from New Jersey is a statistic compiled by the U.S. Census Bureau to monitor the volume and trends of international trade. It represents the count of unique New Jersey-based enterprises that have reported exporting products or services to the Caribbean island nation of Aruba.
Methodology
The data is collected through mandatory exporter surveys and customs declarations.
Historical Context
This metric is utilized by economists, trade analysts, and policymakers to assess the health and patterns of the state's export-driven economy.
Key Facts
- New Jersey is a major exporting state, shipping over $51 billion in goods annually.
- Aruba is a key trade partner, receiving over $100 million in exports from New Jersey firms.
- The number of identified exporters to Aruba has grown by 7% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of businesses located in New Jersey that export goods or services to the Caribbean nation of Aruba.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the volume and trends of trade between New Jersey and one of its key international markets, Aruba.
Q: How is this data collected or calculated?
A: The data is collected through mandatory exporter surveys and customs declarations.
Q: How is this trend used in economic policy?
A: Economists, trade analysts, and policymakers utilize this metric to assess the health and patterns of New Jersey's export-driven economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a 2-month reporting lag.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Aruba from New Jersey (NJABWA475SCEN), retrieved from FRED.