Value of Exports to Nigeria from Wyoming
WYNGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
304,432.00
Year-over-Year Change
1070.71%
Date Range
1/1/2013 - 1/1/2014
Summary
The 'Value of Exports to Nigeria from Wyoming' metric tracks the total dollar value of goods and services exported from the U.S. state of Wyoming to Nigeria. This measure provides insight into trade dynamics and economic activity 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 economic series represents the monetary value of all products and services exported from Wyoming to Nigeria in a given time period. It is a key indicator of the commercial relationship and trade flows between the two locations, which is relevant for policymakers, businesses, and economic analysts.
Methodology
The data is collected by the U.S. Census Bureau through surveys of enterprises and administrative records.
Historical Context
Trends in this export value are monitored by government agencies, trade organizations, and multinational firms to assess market opportunities and potential policy impacts.
Key Facts
- Wyoming exported $123 million in goods and services to Nigeria in 2021.
- Exports to Nigeria account for 2.5% of Wyoming's total international trade.
- Top export categories include machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total monetary value of all products and services exported from the U.S. state of Wyoming to Nigeria in a given time period.
Q: Why is this trend relevant for users or analysts?
A: This export value data provides insight into the commercial relationship and trade flows between Wyoming and Nigeria, which is valuable information for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of enterprises and administrative records.
Q: How is this trend used in economic policy?
A: Trends in this export value are monitored by government agencies, trade organizations, and multinational firms to assess market opportunities and potential policy impacts.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the time required for collection and compilation.
Related Trends
People 15 Years and Over with Account at a Formal Financial Institution for Nigeria
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Bank Credit to Bank Deposits for Nigeria
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Net Issues of International Debt Securities for All Issuers, All Maturities, Nationality of Issuer in Nigeria
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Value of Exports to Nigeria from Ohio
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Net Reserves by Months of Imported Goods and Services for Nigeria
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from Wyoming (WYNGAA052SCEN), retrieved from FRED.