Value of Exports to Switzerland from North Dakota
NDCHEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
990,776.00
Year-over-Year Change
148.83%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Switzerland from North Dakota' measures the total dollar value of goods and services exported from North Dakota to Switzerland. This metric is important for assessing North Dakota's international trade relationships and economic linkages.
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 tracks the monetary value of all products and services exported from North Dakota to Switzerland, a key trade partner. The data is used by economists, policymakers, and businesses to analyze North Dakota's export trends and competitiveness in global markets.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporters.
Historical Context
Policymakers and trade analysts monitor this metric to understand North Dakota's trade flows and identify opportunities to expand exports.
Key Facts
- North Dakota is a major agricultural exporter, with food and agricultural products comprising a large share of its exports to Switzerland.
- Switzerland is North Dakota's 5th largest export destination, accounting for around 4% of the state's total international exports.
- Exports to Switzerland from North Dakota have grown by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total dollar value of goods and services exported from the U.S. state of North Dakota to Switzerland.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding North Dakota's trade relationships and competitiveness in global markets, as Switzerland is a key export destination for the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts monitor this metric to identify opportunities to expand North Dakota's exports and strengthen its international trade position.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in the reporting of this data by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Switzerland from North Dakota (NDCHEA052SCEN), retrieved from FRED.