Value of Exports to Denmark from Connecticut
CTDNKA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,156,713.00
Year-over-Year Change
72.88%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Denmark from Connecticut' series tracks the dollar value of goods and services exported from the U.S. state of Connecticut to Denmark. This metric provides insight into Connecticut's trade relationship with Denmark and its role in the state's economy.
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 indicator measures the monetary value of all physical goods and intangible services exported from Connecticut businesses to customers in Denmark. The data can inform state policymakers and business leaders about Connecticut's export performance and trade dynamics with this key European trading partner.
Methodology
The data is collected through surveys of Connecticut exporters and compiled by the U.S. Census Bureau.
Historical Context
Analyzing trends in Connecticut's exports to Denmark can help assess the state's economic competitiveness and integration with global markets.
Key Facts
- Connecticut exported $305 million in goods and services to Denmark in 2021.
- Denmark was Connecticut's 16th largest export destination in 2021.
- Machinery and transportation equipment are top Connecticut exports to Denmark.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monetary value of all goods and services exported from the U.S. state of Connecticut to customers in Denmark.
Q: Why is this trend relevant for users or analysts?
A: Analyzing Connecticut's exports to Denmark provides insights into the state's trade relationship with this key European market and its overall export performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Connecticut exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and business leaders can use this data to assess Connecticut's economic competitiveness and integration with global markets.
Q: Are there update delays or limitations?
A: The data is published with a several-month delay, and may not capture all export activity from Connecticut to Denmark.
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Citation
U.S. Federal Reserve, Value of Exports to Denmark from Connecticut (CTDNKA052SCEN), retrieved from FRED.