Value of Exports to Denmark from Tennessee
TNDNKA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,796,913.00
Year-over-Year Change
-49.88%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Denmark from Tennessee' measures the dollar value of goods and services exported from the state of Tennessee to Denmark. This data is crucial for understanding Tennessee's international trade and economic ties.
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 economic trend represents the monetary value of all products and services shipped from Tennessee businesses to customers and partners in Denmark. It is an important indicator of the trade relationship between Tennessee and one of its key European export markets.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and economists use this data to assess Tennessee's export performance and competitiveness in global markets.
Key Facts
- Tennessee exported over $400 million in goods to Denmark in 2021.
- Exports to Denmark account for 2.5% of Tennessee's total international exports.
- Top Tennessee exports to Denmark include transportation equipment, chemicals, and machinery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of all goods and services exported from the state of Tennessee to Denmark.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding Tennessee's export performance and trade relationship with a key international market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess Tennessee's export competitiveness and inform trade and economic development strategies.
Q: Are there update delays or limitations?
A: The data may have a 1-2 month reporting delay due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Value of Exports to Denmark from Tennessee (TNDNKA052SCEN), retrieved from FRED.