Number of Identified Exporters to Denmark from North Dakota
NDDNKA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
27.27%
Date Range
1/1/1992 - 1/1/2017
Summary
This trend measures the number of identified exporters to Denmark from the U.S. state of North Dakota. It provides insights into the state's export dynamics and international trade relationships.
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 Denmark from North Dakota series tracks the count of unique businesses and individuals that have reported exporting goods or services from North Dakota to Denmark. This data point is used by economists and policymakers to analyze North Dakota's trade profile and engagement with the Danish market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and individual exporters.
Historical Context
This metric is relevant for understanding North Dakota's export-oriented industries and informing trade policy decisions.
Key Facts
- North Dakota exported $2.1 billion in goods and services in 2021.
- Denmark is North Dakota's 17th largest export destination.
- The state's top exports to Denmark include agricultural products and machinery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses and individuals located in North Dakota that have reported exporting goods or services to Denmark.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into North Dakota's export dynamics and trade relationships, which is useful for economists, policymakers, and businesses analyzing the state's international trade profile.
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: This trend can inform trade policy decisions and help identify opportunities to support North Dakota's export-oriented industries.
Q: Are there update delays or limitations?
A: The data is subject to the timelines and methodologies of the U.S. Census Bureau's export reporting program.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Denmark from North Dakota (NDDNKA475SCEN), retrieved from FRED.