Value of Exports to Portugal from North Dakota
NDPRTA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
962,866.00
Year-over-Year Change
83.96%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Portugal from North Dakota' trend measures the total value of goods and services exported from the U.S. state of North Dakota to Portugal. This metric is important for economists and policymakers to understand regional trade patterns and the economic relationship between the two areas.
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 that are sold by businesses and individuals in North Dakota to customers and buyers located in Portugal. It provides insight into the trade flows and commercial ties between the state and the European country.
Methodology
The data is collected and compiled by the U.S. Census Bureau based on surveys of exporting companies.
Historical Context
This export value statistic is utilized by trade analysts, economists, and government agencies to assess North Dakota's participation in the global economy.
Key Facts
- North Dakota is a major agricultural exporter.
- Portugal is an important trade partner for the U.S. Midwest.
- Export values have fluctuated in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the U.S. state of North Dakota to customers and buyers located in Portugal.
Q: Why is this trend relevant for users or analysts?
A: This export value metric provides insight into the trade relationship and commercial ties between North Dakota and Portugal, which is useful for economists, policymakers, and trade analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau based on surveys of exporting companies located in North Dakota.
Q: How is this trend used in economic policy?
A: This export value statistic is used by government agencies, trade analysts, and economists to assess North Dakota's participation in the global economy and the state's commercial relationships with international markets.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting and publication due to the survey-based methodology used to collect the information.
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Citation
U.S. Federal Reserve, Value of Exports to Portugal from North Dakota (NDPRTA052SCEN), retrieved from FRED.