Value of Exports to Sweden from North Dakota
NDSWEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,489,768.00
Year-over-Year Change
26.24%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of North Dakota to Sweden. It provides insights into trade flows and the strength of economic ties between the two regions.
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
The 'Value of Exports to Sweden from North Dakota' series tracks the dollar value of goods and services exported from North Dakota to the Swedish market. This metric is used by economists and policymakers to monitor trade patterns and the commercial relationship between the state and the Nordic country.
Methodology
The data is collected and reported by the U.S. Census Bureau's Foreign Trade Division.
Historical Context
This economic indicator can inform trade policy decisions and investment strategies related to North Dakota's export markets.
Key Facts
- North Dakota exported over $250 million in goods to Sweden in 2021.
- Sweden is one of North Dakota's top 10 export destinations.
- Agriculture and machinery are major North Dakota exports to Sweden.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of exports from the U.S. state of North Dakota to Sweden, providing insights into trade flows between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for economists and policymakers to monitor North Dakota's trade relationship with Sweden and inform decisions around international commerce and investment.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Foreign Trade Division.
Q: How is this trend used in economic policy?
A: This export value indicator can inform trade policy decisions and investment strategies related to North Dakota's export markets.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and methodologies of the U.S. Census Bureau's Foreign Trade Division.
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Citation
U.S. Federal Reserve, Value of Exports to Sweden from North Dakota (NDSWEA052SCEN), retrieved from FRED.