Value of Exports to Rwanda from New York
NYRWAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
190,062.00
Year-over-Year Change
10.29%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Rwanda from New York' measures the total dollar value of goods exported from the state of New York to the country of Rwanda. This provides insight into trade flows 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 series tracks the value of physical goods and commodities exported from New York to Rwanda, including manufactured products, agricultural items, and raw materials. It is an important indicator of the commercial relationship and economic integration between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies and customs records.
Historical Context
Policymakers and economists use this data to monitor trends in U.S. exports and gauge the strength of trade ties between specific state and foreign economies.
Key Facts
- New York is a major exporting state, accounting for over $100 billion in annual merchandise exports.
- Rwanda is a rapidly growing economy in East Africa with a GDP of around $10 billion.
- Trade between New York and Rwanda has grown significantly in recent years.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total value of physical goods and commodities exported from the state of New York to the country of Rwanda.
Q: Why is this trend relevant for users or analysts?
A: The value of exports between regions provides insight into trade flows and economic integration, which is important for policymakers, businesses, and economists analyzing international commerce.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies and customs records.
Q: How is this trend used in economic policy?
A: Governments and analysts use this export data to monitor trade relationships, identify growth opportunities, and inform economic and trade policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be lags of several weeks before the latest figures are available.
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Citation
U.S. Federal Reserve, Value of Exports to Rwanda from New York (NYRWAA052SCEN), retrieved from FRED.