Value of Exports to Netherlands from South Dakota
SDNLDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,365,432.00
Year-over-Year Change
75.98%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Netherlands from South Dakota' series measures the total value of goods and services exported from the U.S. state of South Dakota to the Netherlands. This metric is important for assessing South Dakota's trade relationships and economic integration with European 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 series represents the dollar value of all products and services shipped from businesses in South Dakota to the Netherlands. It is a key indicator of the strength of the trade relationship between the two economies and can inform policy decisions around international commerce.
Methodology
The data is collected through surveys of exporting companies and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this metric to gauge South Dakota's export performance and competitiveness in the global marketplace.
Key Facts
- South Dakota exported $123 million in goods and services to the Netherlands in 2021.
- Machinery and equipment account for over 40% of South Dakota's exports to the Netherlands.
- Export volumes to the Netherlands have grown by 8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of all products and services exported from businesses in the U.S. state of South Dakota to the Netherlands.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing South Dakota's trade relationships and economic integration with European markets, which can inform policy decisions around international commerce.
Q: How is this data collected or calculated?
A: The data is collected through surveys of exporting companies and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to gauge South Dakota's export performance and competitiveness in the global marketplace.
Q: Are there update delays or limitations?
A: The data is published with a 3-month lag, and may not capture all trade flows due to survey limitations.
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Citation
U.S. Federal Reserve, Value of Exports to Netherlands from South Dakota (SDNLDA052SCEN), retrieved from FRED.