Value of Exports to Norfolk Island from New Jersey
NJNFKA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,518.00
Year-over-Year Change
-18.71%
Date Range
1/1/1997 - 1/1/2002
Summary
The 'Value of Exports to Norfolk Island from New Jersey' series measures the total value of goods exported from the U.S. state of New Jersey to the remote Australian territory of Norfolk Island.
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 data series provides insight into trade flows and economic activity between New Jersey and the small island of Norfolk Island, which has a unique geopolitical status as an external territory of Australia. The data is used by economists and policymakers to analyze regional trade patterns and dynamics.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Foreign Trade program.
Historical Context
This metric is relevant for assessing the strength of economic ties and commercial relationships between the U.S. and its international partners.
Key Facts
- Norfolk Island has a population of just over 1,700 people.
- New Jersey is the most densely populated U.S. state.
- Exports to Norfolk Island account for a tiny fraction of New Jersey's total exports.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total value of goods exported from the U.S. state of New Jersey to the remote Australian territory of Norfolk Island.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into trade flows and economic activity between New Jersey and Norfolk Island, which can be used by economists and policymakers to analyze regional trade patterns and dynamics.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Foreign Trade program.
Q: How is this trend used in economic policy?
A: This metric is relevant for assessing the strength of economic ties and commercial relationships between the U.S. and its international partners.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of the U.S. Census Bureau's Foreign Trade program.
Related Trends
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Number of Identified Exporters to Norfolk Island from Alabama
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Value of Exports to Norfolk Island from Texas
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U.S. Exports of Goods by F.A.S. Basis to Norfolk Island
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Citation
U.S. Federal Reserve, Value of Exports to Norfolk Island from New Jersey (NJNFKA052SCEN), retrieved from FRED.