Value of Exports to Sweden from South Dakota
SDSWEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,536,382.00
Year-over-Year Change
-27.54%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Sweden from South Dakota' trend measures the total dollar value of goods and services exported from South Dakota to Sweden. This metric is important for analyzing trade relationships and economic activity 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
This series represents the value of all exported products and services originating from South Dakota businesses and shipped to Sweden. It is a key indicator of the trade and economic ties between the state and the Scandinavian country.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Policymakers and economists use this metric to understand the flow of goods and services in the bilateral trade relationship.
Key Facts
- South Dakota exported over $120 million in goods and services to Sweden in 2021.
- Machinery and agricultural products are major export categories from South Dakota to Sweden.
- Sweden is South Dakota's 5th largest export destination in Europe.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of all goods and services exported from businesses in South Dakota to Sweden.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and economic ties between South Dakota and Sweden, which is important for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze trade flows, identify growth opportunities, and inform decisions around international economic policy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Value of Exports to Sweden from South Dakota (SDSWEA052SCEN), retrieved from FRED.