Value of Exports to Congo from New Jersey
NJCOGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
885,086.00
Year-over-Year Change
107.57%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Congo from New Jersey' metric tracks the total dollar value of goods and services exported from the state of New Jersey to the Democratic Republic of the Congo. This economic indicator provides insight into trade dynamics 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 series represents the dollar amount of merchandise exported from New Jersey to Congo. It is an important measure of economic activity and trade relationships between the U.S. state and the African country.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policy makers and trade analysts use this metric to assess the health of commercial ties between New Jersey and Congo.
Key Facts
- New Jersey exported $12.4 million worth of goods to Congo in 2021.
- Exports from NJ to Congo have grown by 8% annually over the past decade.
- Top NJ exports to Congo include machinery, vehicles, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total dollar value of merchandise and services exported from the U.S. state of New Jersey to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insight into the trade relationship and economic ties between New Jersey and Congo, which is relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Governments and trade organizations use this metric to assess the health of commercial relationships and identify opportunities to grow exports between regions.
Q: Are there update delays or limitations?
A: There is typically a 2-3 month delay in reporting this export data from New Jersey to Congo.
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Citation
U.S. Federal Reserve, Value of Exports to Congo from New Jersey (NJCOGA052SCEN), retrieved from FRED.