Value of Exports to Sri Lanka from Nevada
NVLKAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,198,024.00
Year-over-Year Change
1338.11%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Sri Lanka from Nevada' trend measures the total value of goods and services exported from the U.S. state of Nevada to the island nation of Sri Lanka. This metric is important for economists and policymakers to understand Nevada's trade relationships and economic integration with foreign markets.
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 represents the total monetary value of all exports from Nevada to Sri Lanka, including agricultural products, manufactured goods, and services. It provides insight into the commercial ties between these two economies and can inform discussions around trade policy, market access, and economic cooperation.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and market analysts use this trend to assess Nevada's export performance and the state's engagement with the Sri Lankan economy.
Key Facts
- Nevada's exports to Sri Lanka were valued at $24.8 million in 2021.
- Sri Lanka accounted for 0.2% of Nevada's total exports in 2021.
- The top export categories from Nevada to Sri Lanka include machinery, transportation equipment, and chemicals.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Sri Lanka from Nevada' trend measures the total monetary value of goods and services exported from the U.S. state of Nevada to the country of Sri Lanka.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Nevada's trade relationships and economic integration with foreign markets, which is important for understanding the state's export performance and informing discussions around trade policy and economic cooperation.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess Nevada's export performance and engagement with the Sri Lankan economy, which can inform discussions around trade policy, market access, and economic cooperation.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing all export activity due to the complexity of international trade flows.
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Citation
U.S. Federal Reserve, Value of Exports to Sri Lanka from Nevada (NVLKAA052SCEN), retrieved from FRED.