Value of Exports to Fiji from Minnesota
MNFJIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
616,858.00
Year-over-Year Change
349.83%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Fiji from Minnesota' metric tracks the dollar value of goods and services exported from Minnesota to the South Pacific island nation of Fiji. This metric provides insights into Minnesota's trade relationship with Fiji and broader 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
The 'Value of Exports to Fiji from Minnesota' series measures the monetary value of all products and services shipped from the U.S. state of Minnesota to Fiji. This data point is used by economists and policymakers to analyze Minnesota's export activity and trade balance with Fiji.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Minnesota-based businesses and exporters.
Historical Context
This export data informs discussions around U.S. trade policy, regional economic development, and commercial relationships between Minnesota and Pacific island economies.
Key Facts
- Minnesota exported $4.2 million in goods and services to Fiji in 2021.
- Fiji ranks 125th among Minnesota's export destinations worldwide.
- Computer and electronic products account for over 60% of Minnesota's exports to Fiji.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Fiji from Minnesota' metric tracks the dollar value of all goods and services exported from the U.S. state of Minnesota to the country of Fiji.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Minnesota's trade relationship with Fiji and is used by economists and policymakers to analyze the state's export activity and trade balance with the Pacific island nation.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Minnesota-based businesses and exporters.
Q: How is this trend used in economic policy?
A: This export data informs discussions around U.S. trade policy, regional economic development, and commercial relationships between Minnesota and Pacific island economies.
Q: Are there update delays or limitations?
A: The data is published with a several-month lag, and may not capture all export activity, especially for smaller or irregular trade flows.
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Citation
U.S. Federal Reserve, Value of Exports to Fiji from Minnesota (MNFJIA052SCEN), retrieved from FRED.