Value of Exports to Bulgaria from Minnesota
MNBGRA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,833,400.00
Year-over-Year Change
1.61%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Bulgaria from Minnesota' metric tracks the total value of goods and services exported from the state of Minnesota to Bulgaria. This data provides insights into trade dynamics and economic connections 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 series measures the value of exports originating from Minnesota that are shipped to Bulgaria. The data is useful for understanding trade flows, supply chain relationships, and market opportunities between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and trade records.
Historical Context
Policymakers and businesses use this metric to analyze Minnesota's trade performance and identify areas for strengthening economic ties with Bulgaria.
Key Facts
- Minnesota exported $36.2 million worth of goods to Bulgaria in 2021.
- Exports to Bulgaria account for 0.4% of Minnesota's total international trade.
- Top export categories from Minnesota to Bulgaria include machinery, agricultural products, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of goods and services exported from the state of Minnesota to the country of Bulgaria.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into trade dynamics and economic connections between Minnesota and Bulgaria, which is useful for policymakers, businesses, and economists analyzing regional trade patterns.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and trade records.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to analyze Minnesota's trade performance and identify areas for strengthening economic ties with Bulgaria.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a delay of several months before the latest figures are published.
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Citation
U.S. Federal Reserve, Value of Exports to Bulgaria from Minnesota (MNBGRA052SCEN), retrieved from FRED.