Value of Exports to Nigeria from South Carolina
SCNGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,305,347.00
Year-over-Year Change
317.20%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Nigeria from South Carolina' series measures the total value of goods and services exported from South Carolina to Nigeria. This metric provides insight into the strength of trade 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 data series tracks the dollar value of all exported products and services from the state of South Carolina to the country of Nigeria. It is a key indicator of the commercial relationship and market opportunities between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and compiled into this series.
Historical Context
Policymakers and businesses use this export data to monitor trade flows and identify opportunities for growth in international markets.
Key Facts
- South Carolina's exports to Nigeria totaled $123 million in 2021.
- Nigeria is South Carolina's 5th largest export destination in Africa.
- Machinery, chemicals, and transportation equipment are top export categories.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of goods and services exported from the state of South Carolina to the country of Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength of the trade relationship and economic ties between South Carolina and Nigeria, which is important for businesses, policymakers, and economists monitoring international markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and compiled into this series.
Q: How is this trend used in economic policy?
A: Policymakers and trade organizations use this export data to identify opportunities for growth in international markets and monitor the health of trade relationships.
Q: Are there update delays or limitations?
A: There may be some time lag in the reporting of this data, as it relies on survey responses from businesses.
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from South Carolina (SCNGAA052SCEN), retrieved from FRED.