Number of Identified Exporters to Nicaragua from Texas
TXNICA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
368.00
Year-over-Year Change
130.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Nicaragua from Texas' metric tracks the count of unique Texas-based companies that export goods to Nicaragua. This data provides insights into trade patterns and economic connections 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 measures the number of distinct Texas-based exporters that ship goods to Nicaragua. It offers a gauge of the scale and diversity of commercial activity between the two economies, which can inform policy decisions and business strategies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of export transactions.
Historical Context
Policymakers and businesses use this metric to monitor the strength of trade ties between Texas and Nicaragua.
Key Facts
- Texas exported over $200 million in goods to Nicaragua in 2021.
- The number of identified Texas exporters to Nicaragua has grown by 25% since 2015.
- Machinery and agricultural products account for the majority of Texas exports to Nicaragua.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of unique, identified companies based in Texas that export goods to Nicaragua. It provides a gauge of the scale and diversity of commercial activity between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This data offers insights into trade patterns and economic connections between Texas and Nicaragua, which can inform policy decisions, business strategies, and assessments of regional economic performance.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of export transactions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the strength of trade ties between Texas and Nicaragua, which can inform decisions related to trade agreements, economic development initiatives, and foreign investment.
Q: Are there update delays or limitations?
A: There may be a several month delay in the availability of the latest data, and the metric only captures identified exporters, which may not reflect the full scope of trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nicaragua from Texas (TXNICA475SCEN), retrieved from FRED.