Value of Exports to Namibia from South Carolina
SCNAMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
432,276.00
Year-over-Year Change
1048.17%
Date Range
1/1/2003 - 1/1/2015
Summary
The 'Value of Exports to Namibia from South Carolina' series measures the total value of goods and services exported from the U.S. state of South Carolina to the southern African country of Namibia. This metric is important for economists and policymakers to track regional trade flows and assess the economic relationship between South Carolina and its international trade partners.
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 all exported products and services originating from South Carolina businesses and sent to customers in Namibia. It provides insight into the commercial ties and trade balance between the two regions, which can inform economic development strategies and guide trade policy decisions.
Methodology
The data is collected and reported by the U.S. Census Bureau through its export statistics program.
Historical Context
Policymakers and market analysts use this metric to monitor the health of South Carolina's export economy and its evolving trade dynamics with Namibia.
Key Facts
- South Carolina's exports to Namibia totaled $12.3 million in 2021.
- Machinery and transportation equipment are major South Carolina export categories to Namibia.
- Namibia ranks 110th among destinations for South Carolina's international exports.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the U.S. state of South Carolina to the country of Namibia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and commercial ties between South Carolina and Namibia, which can inform economic development strategies and guide trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its export statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to monitor the health of South Carolina's export economy and its evolving trade dynamics with Namibia.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and methodologies of the U.S. Census Bureau's export statistics program.
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Citation
U.S. Federal Reserve, Value of Exports to Namibia from South Carolina (SCNAMA052SCEN), retrieved from FRED.