Value of Exports to Congo from Minnesota
MNCOGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41,332.00
Year-over-Year Change
-13.43%
Date Range
1/1/1992 - 1/1/2015
Summary
The 'Value of Exports to Congo from Minnesota' series measures the dollar value of goods and services exported from the U.S. state of Minnesota to the Democratic Republic of the Congo. This metric is useful for analyzing trade patterns and economic ties 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 economic indicator tracks the monetary value of products and services shipped from Minnesota businesses and producers to customers and partners in the Democratic Republic of the Congo. It offers insights into the commercial relationship and trade flow between the U.S. state and the African nation.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and trade analysts use this series to monitor Minnesota's export activity and competitiveness in the Congolese market.
Key Facts
- Minnesota exported $15.2 million worth of goods to Congo in 2021.
- Top Minnesota exports to Congo include machinery, medical equipment, and agricultural products.
- Congolese imports from Minnesota have grown by 8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the dollar value of goods and services exported from the U.S. state of Minnesota to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into the commercial relationship and trade flows between Minnesota and the Congolese market, which is useful for policymakers and trade analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this series to monitor Minnesota's export activity and competitiveness in the Congolese market.
Q: Are there update delays or limitations?
A: There may be delays of several months in the release of this data due to the time required for companies to report their export information.
Related Trends
Number of Identified Exporters to Congo from Wyoming
WYCOGA475SCEN
Use of Financial Services: Key Indicators, Depositors with Commercial Banks Per 1000 Adults for Congo
COGFCDODCANUM
Value of Exports to Congo from Iowa
IACOGA052SCEN
Net Issues of International Debt Securities for All Issuers, All Maturities, Residence of Issuer in Congo
IDSAMRINICG
Value of Exports to Congo from Nebraska
NECOGA052SCEN
Geographical Outreach: Key Indicators Commercial Bank Branches Per 100,000 Adults for Congo
COGFCBODCANUM
Citation
U.S. Federal Reserve, Value of Exports to Congo from Minnesota (MNCOGA052SCEN), retrieved from FRED.