Value of Exports to Luxembourg from Minnesota
MNLUXA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,686,302.00
Year-over-Year Change
659.60%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Luxembourg from Minnesota' measures the dollar value of goods and services exported from the U.S. state of Minnesota to the country of Luxembourg. This data provides insights into the economic relationship between Minnesota and one of its key international trade partners.
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 consumers and companies in Luxembourg. It offers a quantitative view of the trade flows and commercial ties between the state and the European nation.
Methodology
The data is collected and reported by the U.S. Census Bureau through its state export series.
Historical Context
Economists and policymakers use this metric to analyze Minnesota's export performance and commercial engagement with the global economy.
Key Facts
- Minnesota exported $72.3 million in goods to Luxembourg in 2021.
- Machinery and transportation equipment are Minnesota's top exports to Luxembourg.
- Luxembourg is Minnesota's 59th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the dollar value of goods and services exported from the U.S. state of Minnesota to the country of Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the commercial ties and trade flows between Minnesota and one of its key international partners, helping to analyze the state's export performance and engagement with the global economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its state export series.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to evaluate Minnesota's export activity and trade relationship with Luxembourg, which can inform decisions around economic development, trade policy, and international commercial engagement.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, as the information is collected and published by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Luxembourg from Minnesota (MNLUXA052SCEN), retrieved from FRED.