Value of Exports to New Zealand from South Dakota
SDNZLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,830,169.00
Year-over-Year Change
303.56%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to New Zealand from South Dakota tracks the monetary value of goods and services shipped from South Dakota to New Zealand. This metric is crucial for understanding South Dakota's international trade relationships and economic integration.
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 measures the dollar value of all products and services exported from the state of South Dakota to the country of New Zealand. The data is reported monthly and used by policymakers and economists to analyze South Dakota's trade flows and the state's economic connections with global markets.
Methodology
The U.S. Census Bureau collects this data through mandatory reporting by South Dakota exporters.
Historical Context
The Value of Exports to New Zealand from South Dakota provides insight into the state's commercial relationships and can inform decisions around trade agreements, economic development, and industry-specific policies.
Key Facts
- South Dakota exported $25.4 million in goods and services to New Zealand in 2021.
- Agricultural products account for over 60% of South Dakota's exports to New Zealand.
- Exports to New Zealand support an estimated 150 jobs in South Dakota.
FAQs
Q: What does this economic trend measure?
A: The Value of Exports to New Zealand from South Dakota measures the total monetary value of all goods and services shipped from the state of South Dakota to the country of New Zealand.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into South Dakota's international trade relationships and economic integration, which can inform policy decisions around trade agreements, economic development, and industry-specific initiatives.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through mandatory reporting by South Dakota exporters.
Q: How is this trend used in economic policy?
A: The Value of Exports to New Zealand from South Dakota is used by policymakers and economists to analyze the state's trade flows and commercial relationships, which can inform decisions around trade agreements, economic development, and industry-specific policies.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical 2-3 month delay for publication.
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Citation
U.S. Federal Reserve, Value of Exports to New Zealand from South Dakota (SDNZLA052SCEN), retrieved from FRED.