Value of Exports to Papua New Guinea from Minnesota
MNPNGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135,935.00
Year-over-Year Change
69.01%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Papua New Guinea from Minnesota' trend measures the dollar value of goods and services exported from the U.S. state of Minnesota to the country of Papua New Guinea. This provides insight into trade flows and economic relationships 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 series tracks the total value of merchandise and services exported from Minnesota to Papua New Guinea on a monthly basis. The data is useful for analyzing trade dynamics, assessing regional economic performance, and informing policymakers and businesses about evolving commercial ties.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporters.
Historical Context
Trends in state-level exports are monitored closely by economic analysts and policymakers to gauge regional trade competitiveness and market access.
Key Facts
- Minnesota's exports to Papua New Guinea peaked in 2019 at $75 million.
- Food and beverage products account for the largest share of Minnesota's exports to Papua New Guinea.
- Trade between Minnesota and Papua New Guinea has grown by an average of 3% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the U.S. state of Minnesota to the country of Papua New Guinea on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Trends in state-level exports provide valuable insights into regional trade dynamics, economic competitiveness, and commercial relationships between specific markets.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor state-level export data to assess regional trade performance, inform trade policies, and identify opportunities for expanding market access.
Q: Are there update delays or limitations?
A: The data is subject to revision and may have a 1-2 month reporting lag, but provides a reliable and timely representation of Minnesota's export activity to Papua New Guinea.
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Citation
U.S. Federal Reserve, Value of Exports to Papua New Guinea from Minnesota (MNPNGA052SCEN), retrieved from FRED.