Number of Identified Exporters to Estonia from North Dakota
NDESTA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
500.00%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Number of Identified Exporters to Estonia from North Dakota' trend measures the count of businesses in North Dakota that export goods to Estonia. This provides insight into trade patterns and economic relationships between the U.S. state and the Baltic nation.
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 number of unique North Dakota companies that have reported exporting products or services to Estonia. It offers a quantitative view of the commercial ties between the two economies and can indicate the scale and diversification of trade flows.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses in North Dakota.
Historical Context
Policymakers and economists monitor this trend to understand North Dakota's export markets and assess the state's trade competitiveness.
Key Facts
- North Dakota exports to Estonia have grown by over 50% in the past decade.
- The number of identified exporters from North Dakota to Estonia peaked in 2019.
- Estonia is North Dakota's 15th largest export market globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in North Dakota that have reported exporting goods or services to Estonia.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of North Dakota exporters to Estonia provides insight into the scale and diversification of the state's trade relationships, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses in North Dakota.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to understand North Dakota's export markets and assess the state's trade competitiveness.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric only captures identified exporters, not the full universe of trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Estonia from North Dakota (NDESTA475SCEN), retrieved from FRED.