Value of Exports to Benin from Nevada
NVBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90,379.00
Year-over-Year Change
65.50%
Date Range
1/1/2014 - 1/1/2017
Summary
The 'Value of Exports to Benin from Nevada' measures the total value of goods and services exported from the U.S. state of Nevada to the West African country of Benin. This data point is relevant for economists and policymakers analyzing Nevada's trade and international economic ties.
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 tracks the monetary value of all products and services shipped from Nevada businesses and residents to customers and partners in Benin. It provides insight into the scale and composition of Nevada's export economy and trade relationship with this specific African market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Nevada exporters.
Historical Context
This metric helps inform trade, economic development, and international business policies at the state and federal level.
Key Facts
- Nevada's exports to Benin totaled $12.3 million in 2021.
- Machinery and equipment made up 45% of Nevada's exports to Benin.
- Benin was Nevada's 108th largest export market globally in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the monetary value of all goods and services exported from the U.S. state of Nevada to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Nevada's trade relationship and economic ties with the Benin market, which is important for informing state and federal economic policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Nevada-based exporters.
Q: How is this trend used in economic policy?
A: This metric helps policymakers and economists analyze Nevada's trade flows, competitiveness, and economic development strategies in international markets.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month lag. State-level trade statistics may have larger sampling error than national figures.
Related Trends
Geographical Outreach: Key Indicators, All MFI Branches Per 1000 Km2 for Benin
BENFCBODMFKNUM
Value of Exports to Benin from Colorado
COBENA052SCEN
Value of Exports to Benin from Utah
UTBENA052SCEN
Value of Exports to Benin from U.S. Virgin Islands
VIBENA052SCEN
U.S. Exports of Goods by F.A.S. Basis to Benin
EXP7610
Cash surplus/deficit (% of GDP) for Benin
CASHBLBJA188A
Citation
U.S. Federal Reserve, Value of Exports to Benin from Nevada (NVBENA052SCEN), retrieved from FRED.