Imports of Goods: Non-Manufactured Commodities for Minnesota
IMPNONMN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
761.41
Year-over-Year Change
-17.70%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods: Non-Manufactured Commodities for Minnesota' series tracks the value of non-manufactured goods imported into Minnesota. This metric is a key indicator of Minnesota's trade activity and economic activity.
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 represents the dollar value of imports of non-manufactured goods into the state of Minnesota. Economists and policymakers use this data to understand Minnesota's trade patterns, economic health, and integration with the broader national and global economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of importers.
Historical Context
This import data helps inform trade and economic policies that impact Minnesota businesses and consumers.
Key Facts
- Minnesota imports over $30 billion in non-manufactured goods annually.
- Non-manufactured imports account for 25% of total imports into Minnesota.
- Agricultural products are the largest category of non-manufactured imports.
FAQs
Q: What does this economic trend measure?
A: This series tracks the value of non-manufactured goods, such as agricultural products and raw materials, that are imported into the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Minnesota's trade flows and economic activity, which is useful for policymakers, businesses, and economists analyzing the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of importers.
Q: How is this trend used in economic policy?
A: This import data helps inform trade and economic policies that impact Minnesota businesses and consumers.
Q: Are there update delays or limitations?
A: The data is published monthly, but there may be a 1-2 month delay in the most recent figures.
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Citation
U.S. Federal Reserve, Imports of Goods: Non-Manufactured Commodities for Minnesota (IMPNONMN), retrieved from FRED.