Value of Exports to Jamaica from New York
NYJAMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,163,263.00
Year-over-Year Change
-11.05%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Jamaica from New York' series tracks the total value of goods exported from the state of New York to Jamaica. This metric is a key indicator of trade flows 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 series represents the dollar value of physical goods and commodities shipped from New York to Jamaica. It is used by economists and policymakers to assess the health of bilateral trade, shipping volumes, and the relative importance of this trade corridor.
Methodology
The data is collected by the U.S. Census Bureau through customs records and surveys of exporters.
Historical Context
Trends in this series can inform economic and trade policy decisions, as well as provide insight into the broader import-export dynamics between the U.S. and Jamaica.
Key Facts
- New York is a major exporting hub for the United States.
- Jamaica is an important trading partner for the U.S. in the Caribbean region.
- Exports from New York to Jamaica have increased by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total monetary value of physical goods and commodities shipped from the state of New York to Jamaica.
Q: Why is this trend relevant for users or analysts?
A: Trends in this data provide insight into the strength of trade and economic ties between New York and Jamaica, which is valuable for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs records and surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to assess the health of bilateral trade, inform trade policy decisions, and understand broader import-export dynamics between the U.S. and Jamaica.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most current trade activity. There are also limitations in capturing certain types of informal or unrecorded exports.
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Citation
U.S. Federal Reserve, Value of Exports to Jamaica from New York (NYJAMA052SCEN), retrieved from FRED.