Value of Exports to Australia from Minnesota
MNAUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
411,029,485.00
Year-over-Year Change
47.34%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Australia from Minnesota' trend measures the dollar value of goods and services exported from the state of Minnesota to Australia. This metric is important for economists and policymakers to understand regional trade dynamics and Minnesota's economic connections with global markets.
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 tracks the total value of exports originating from Minnesota and destined for Australia. It provides insight into the trade relationship between the state and this major international trading partner, which is relevant for evaluating regional economic performance and competitiveness.
Methodology
The data is collected by the U.S. Census Bureau through surveys of U.S. exporters.
Historical Context
Policymakers and economists use this metric to assess Minnesota's export activity and trade ties with Australia, which is a key market for many Minnesotan industries.
Key Facts
- Minnesota is one of the top exporting states in the U.S.
- Australia is Minnesota's 8th largest export destination.
- The value of Minnesota's exports to Australia has grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of Minnesota to Australia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Minnesota's trade relationship with a major international market, which is important for evaluating the state's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of U.S. exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Minnesota's export activity and trade ties with Australia, which is a key market for many Minnesotan industries.
Q: Are there update delays or limitations?
A: There may be some reporting delays, as the data is collected through surveys of exporters.
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Citation
U.S. Federal Reserve, Value of Exports to Australia from Minnesota (MNAUSA052SCEN), retrieved from FRED.