Number of Identified Exporters to Senegal from New Jersey
NJSENA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46.00
Year-over-Year Change
35.29%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Senegal from New Jersey' trend measures the count of businesses in New Jersey that have reported exporting goods to Senegal. This data provides insights 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 series tracks the number of exporters located in New Jersey that have reported shipments to Senegal. It serves as an indicator of the level of economic activity and trade flows between the state of New Jersey and the West African nation of Senegal.
Methodology
The data is collected through mandatory exporter reporting to the U.S. Census Bureau.
Historical Context
This metric is used by economists and policymakers to analyze patterns in international trade and the competitiveness of regional exporters.
Key Facts
- New Jersey is a leading exporter to Senegal among U.S. states.
- The number of identified exporters has grown steadily over the past decade.
- Machinery and agricultural products are major export categories from New Jersey to Senegal.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in the U.S. state of New Jersey that have reported exporting goods to the country of Senegal.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship between New Jersey and Senegal, which is important for understanding regional economic dynamics and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through mandatory reporting by exporters to the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to analyze patterns in international trade and the export performance of regional businesses.
Q: Are there update delays or limitations?
A: There may be delays in reporting and potential undercounting of smaller exporters, but the data provides a useful indicator of trade flows over time.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Senegal from New Jersey (NJSENA475SCEN), retrieved from FRED.