Value of Exports to Norway from North Dakota
NDNORA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,021,670.00
Year-over-Year Change
275.46%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Norway from North Dakota' series measures the total dollar value of goods and services exported from North Dakota to Norway. This metric is important for understanding North Dakota's international trade relationships and economic connections.
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 data series tracks the monetary value of all products and services shipped from North Dakota to Norway. It provides insights into the commercial and economic ties between the two regions, which can inform policymakers and businesses about trade patterns and opportunities.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters and customs records.
Historical Context
This export data is used by economists, trade associations, and government agencies to analyze North Dakota's participation in the global economy.
Key Facts
- North Dakota exported over $100 million worth of goods to Norway in 2021.
- Agricultural products make up the largest share of North Dakota's exports to Norway.
- Norway is one of North Dakota's top 10 export destinations globally.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total monetary value of all goods and services exported from the state of North Dakota to Norway.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insights into the commercial and economic relationship between North Dakota and Norway, which can inform trade policy, business strategy, and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters and customs records.
Q: How is this trend used in economic policy?
A: Policymakers, trade associations, and economists use this export data to analyze North Dakota's participation in the global economy and identify opportunities to expand international trade.
Q: Are there update delays or limitations?
A: The data is subject to the timelines and methodologies of the U.S. Census Bureau, which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, Value of Exports to Norway from North Dakota (NDNORA052SCEN), retrieved from FRED.