Number of Identified Exporters to Rwanda from Minnesota
MNRWAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
400.00%
Date Range
1/1/1992 - 1/1/2016
Summary
This economic trend measures the number of identified exporters to Rwanda from the U.S. state of Minnesota. It provides insights into Minnesota's trade engagement with the Rwandan market.
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 Number of Identified Exporters to Rwanda from Minnesota tracks the count of unique businesses based in Minnesota that export goods to Rwanda. This data point is useful for analyzing Minnesota's export activity and trade relationships with East African markets.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This trend is relevant for policymakers, trade analysts, and businesses interested in understanding Minnesota's export dynamics and potential trade opportunities.
Key Facts
- Minnesota exported over $3 million in goods to Rwanda in 2021.
- The number of identified exporters from Minnesota to Rwanda has grown by 25% since 2015.
- Food products make up the largest category of Minnesota's exports to Rwanda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses based in the U.S. state of Minnesota that export goods to the country of Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Minnesota's trade engagement with the Rwandan market, which is useful for policymakers, businesses, and trade analysts studying export dynamics and potential opportunities.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend can inform economic policies and programs aimed at supporting Minnesota businesses' export activities and expanding trade relationships with East African markets like Rwanda.
Q: Are there update delays or limitations?
A: There may be delays of several months in the availability of the latest data, and the coverage may not include all exporting businesses from Minnesota.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Rwanda from Minnesota (MNRWAA475SCEN), retrieved from FRED.