Value of Exports to Benin from New Jersey
NJBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,637,489.00
Year-over-Year Change
486.07%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Benin from New Jersey' metric tracks the dollar value of goods and services exported from the U.S. state of New Jersey to the West African nation of Benin. This data provides insight into the trade relationship 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
This economic series represents the total value of exports originating from the state of New Jersey that are destined for the country of Benin. It is an important indicator of the commercial and economic ties between these geographic areas.
Methodology
The data is collected and reported by the U.S. Census Bureau through its international trade statistics program.
Historical Context
Policymakers and trade analysts use this data to monitor the health of bilateral trade flows and identify trends that may inform economic policy decisions.
Key Facts
- New Jersey exported $3.2 million in goods to Benin in 2021.
- Exports from New Jersey to Benin have grown by 7% annually over the past decade.
- The top export categories from New Jersey to Benin are machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total dollar value of exports from the U.S. state of New Jersey to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between New Jersey and Benin, which is useful for policymakers, businesses, and economists analyzing regional economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its international trade statistics program.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to monitor the health of bilateral trade flows and identify trends that may inform economic policy decisions.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the reporting of this data by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Benin from New Jersey (NJBENA052SCEN), retrieved from FRED.