Value of Exports to Belgium from Wisconsin
WIBELA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
354,997,041.00
Year-over-Year Change
-1.63%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Belgium from Wisconsin' series measures the total value of goods exported from the U.S. state of Wisconsin to Belgium. This metric is crucial for analyzing trade dynamics and the economic relationship between Wisconsin and its foreign trading partners.
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 data series tracks the monetary value of physical goods and commodities shipped from Wisconsin businesses and producers to customers in Belgium. It offers insights into the scale and composition of Wisconsin's export economy and its integration with the global marketplace.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters and customs records.
Historical Context
Policymakers and economists use this series to assess Wisconsin's export competitiveness and the impacts of trade policy on the state's economy.
Key Facts
- Wisconsin exported over $500 million in goods to Belgium in 2021.
- Machinery and transportation equipment are Wisconsin's top exports to Belgium.
- Belgium is Wisconsin's 5th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of physical goods and commodities exported from the U.S. state of Wisconsin to Belgium.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the scale and composition of Wisconsin's export economy and its economic relationship with Belgium, a key trading partner.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to assess Wisconsin's export competitiveness and the impacts of trade policy on the state's economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month lag between the reference period and the release date.
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Citation
U.S. Federal Reserve, Value of Exports to Belgium from Wisconsin (WIBELA052SCEN), retrieved from FRED.