Value of Exports to Papua New Guinea from Texas
TXPNGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
39,610,766.00
Year-over-Year Change
173.03%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Papua New Guinea from Texas' measures the dollar value of goods and services shipped from Texas to Papua New Guinea. This metric provides insight into trade patterns 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 total value of exports originating from Texas and destined for Papua New Guinea. It offers a detailed view of cross-border trade and commercial activity between the U.S. state and the Pacific Island nation.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Texas exporters.
Historical Context
This export data is used by policymakers and market analysts to assess the strength of economic relationships and identify trade opportunities.
Key Facts
- Texas exported $58.4 million in goods to Papua New Guinea in 2021.
- The top Texas export categories to Papua New Guinea are machinery, vehicles, and plastics.
- Papua New Guinea ranks 84th among destinations for Texas exports.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total value of goods and services exported from the U.S. state of Texas to the country of Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insight into the trade relationship and economic ties between Texas and Papua New Guinea, which is valuable information for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Texas exporters.
Q: How is this trend used in economic policy?
A: This export data can inform trade policies, investment decisions, and strategies to strengthen economic partnerships between Texas and Papua New Guinea.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Census Bureau, and there may be time lags in reporting the most recent figures.
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Citation
U.S. Federal Reserve, Value of Exports to Papua New Guinea from Texas (TXPNGA052SCEN), retrieved from FRED.