Value of Exports to Estonia from North Dakota
NDESTA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
228,297.00
Year-over-Year Change
-61.99%
Date Range
1/1/2006 - 1/1/2017
Summary
The 'Value of Exports to Estonia from North Dakota' series tracks the dollar value of goods and services exported from the U.S. state of North Dakota to the country of Estonia. This data is important for understanding North Dakota's trade relationships and economic connections 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 economic series measures the dollar value of exports from North Dakota to Estonia, providing insight into the trade flows and commercial ties between the two economies. Analysts and policymakers use this data to assess North Dakota's export performance and the state's role in U.S. trade with Estonia.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export data helps inform economic policy decisions and market analysis related to North Dakota's participation in international trade.
Key Facts
- North Dakota exported $41.2 million to Estonia in 2021.
- Exports to Estonia account for 0.7% of North Dakota's total exports.
- Top exported products from North Dakota to Estonia include agricultural machinery and soybeans.
FAQs
Q: What does this economic trend measure?
A: This series tracks the dollar value of goods and services exported from the U.S. state of North Dakota to the country of Estonia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into North Dakota's trade relationships and economic connections with global markets, which is important for understanding the state's export performance and role in U.S. trade.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: This export data helps inform economic policy decisions and market analysis related to North Dakota's participation in international trade.
Q: Are there update delays or limitations?
A: The data is subject to revisions and may have update delays typical of economic statistics compiled from survey and administrative sources.
Related Trends
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Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: National Currency: USD for Estonia
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Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 64 Years for Estonia
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Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Manufacturing for Estonia
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Citation
U.S. Federal Reserve, Value of Exports to Estonia from North Dakota (NDESTA052SCEN), retrieved from FRED.