Number of Identified Exporters to Hungary from Minnesota
MNHUNA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.00
Year-over-Year Change
45.88%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Hungary from Minnesota' series tracks the count of Minnesota businesses that export goods to Hungary. This metric provides insight into the trade relationship between Minnesota and Hungary.
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, published by the U.S. Census Bureau, reports the number of unique Minnesota-based companies that export to Hungary in a given year. It serves as an indicator of the strength and growth of economic ties between the two regions.
Methodology
The data is collected through surveys of U.S. businesses and customs records.
Historical Context
Policymakers and trade analysts use this metric to monitor Minnesota's export activity and commercial integration with the Hungarian market.
Key Facts
- Minnesota was the 21st largest exporting state in 2021.
- Machinery and transportation equipment are Minnesota's top exports to Hungary.
- The number of Minnesota exporters to Hungary has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the count of unique Minnesota-based companies that export goods to Hungary in a given year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and growth of the trade relationship between Minnesota and Hungary, which is useful for policymakers and trade analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to monitor Minnesota's export activity and commercial integration with the Hungarian market.
Q: Are there update delays or limitations?
A: The data is published annually with a 1-year delay, so the most recent figures may not reflect the current trade environment.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Hungary from Minnesota (MNHUNA475SCEN), retrieved from FRED.