Value of Exports to Spain from North Dakota
NDESPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,222,618.00
Year-over-Year Change
-50.79%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Spain from North Dakota' measures the total value of goods and services exported from North Dakota to Spain. This metric is important for economists and policymakers to understand North Dakota's trade relationships and economic integration with global markets.
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 dollar value of all products and services shipped from North Dakota to Spain, including agricultural goods, machinery, and other manufactured items. It provides insight into the state's export composition and reliance on international trade.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export data informs trade policy discussions and analysis of North Dakota's economic performance.
Key Facts
- North Dakota exported $78.2 million worth of goods to Spain in 2021.
- Agricultural products account for over 60% of North Dakota's exports to Spain.
- Spain is North Dakota's 6th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of goods and services exported from the U.S. state of North Dakota to Spain.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into North Dakota's trade relationships and economic integration with global markets, which is important for economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: This export data informs trade policy discussions and analysis of North Dakota's economic performance and international competitiveness.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may not capture all informal or unrecorded trade activities.
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Citation
U.S. Federal Reserve, Value of Exports to Spain from North Dakota (NDESPA052SCEN), retrieved from FRED.