Number of Identified Exporters to Ecuador from New York
NYECUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
382.00
Year-over-Year Change
30.38%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Ecuador from New York' metric tracks the volume of firms located in New York that export goods and services to Ecuador. This data provides insights into trade patterns and economic ties 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 economic indicator measures the number of unique businesses headquartered in New York that have been identified as exporting products or services to Ecuador. It offers a window into the scale and trends of commercial activity between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and trade statistics.
Historical Context
Policymakers and economists use this metric to assess the health of U.S.-Ecuador trade and commercial relationships.
Key Facts
- Exports from New York to Ecuador were valued at over $1.2 billion in 2021.
- The number of identified New York exporters to Ecuador has grown by 25% since 2015.
- Ecuador is New York's 8th largest export destination in Latin America.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses headquartered in New York that have been identified as exporting goods or services to Ecuador.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the scale and trends of commercial activity between the New York and Ecuadorian economies, which is useful for policymakers and economists analyzing trade relationships.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health of U.S.-Ecuador trade and commercial relationships, which can inform decisions around trade agreements, investment, and economic development.
Q: Are there update delays or limitations?
A: The data may have a 6-12 month delay in reporting, and only captures identified exporters, not the full universe of trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Ecuador from New York (NYECUA475SCEN), retrieved from FRED.