Number of Identified Exporters to Denmark from Alabama
ALDNKA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.00
Year-over-Year Change
-15.25%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend tracks the number of exporters based in Alabama that sell goods to Denmark. It provides insights into the trade dynamics between Alabama and Denmark.
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
The Number of Identified Exporters to Denmark from Alabama metric captures the total count of companies located in Alabama that export their products to the Danish market. This data point is used by economists and policymakers to analyze the trade relationships and export activity between the state of Alabama and Denmark.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
This trend is relevant for understanding Alabama's trade position and competitiveness in the global economy.
Key Facts
- Alabama exported $1.8 billion worth of goods to Denmark in 2021.
- The number of identified Alabama exporters to Denmark has grown by 12% over the past 5 years.
- Machinery and transportation equipment are Alabama's top exports to Denmark.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of companies located in Alabama that export their products to Denmark.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between Alabama and Denmark, which is useful for economists, policymakers, and businesses analyzing export activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: This trend can inform trade policies, export promotion initiatives, and economic development strategies targeting Alabama's export markets.
Q: Are there update delays or limitations?
A: The data is published with a 6-month lag and may not capture all exporting companies due to survey response rates.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Denmark from Alabama (ALDNKA475SCEN), retrieved from FRED.