Value of Exports to Canada from Wisconsin
WICANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,520,399,836.00
Year-over-Year Change
27.10%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Canada from Wisconsin' measures the dollar value of goods and services exported from the U.S. state of Wisconsin to its northern neighbor, Canada. This economic indicator is important for understanding trade flows and regional economic activity.
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 total value of exports originating from Wisconsin businesses and sent to Canadian customers. It provides insight into the commercial relationship between the two economies and can inform policymakers and businesses on trends in cross-border trade.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Analyzing this export data can help assess the health of Wisconsin's export-oriented industries and the broader economic ties between the U.S. and Canada.
Key Facts
- Wisconsin exported over $10 billion in goods to Canada in 2021.
- Canada is Wisconsin's largest export market, accounting for over a quarter of the state's total exports.
- Top Wisconsin exports to Canada include industrial machinery, medical equipment, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Canada from Wisconsin' measures the total dollar value of goods and services exported from the U.S. state of Wisconsin to Canada.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the commercial relationship between Wisconsin and Canada, which is an important trade partner for the state. Analyzing the trend can inform business strategy and policymaking around regional economic development and international trade.
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 can use this data to assess the health of Wisconsin's export-oriented industries and the broader economic ties between the U.S. and Canada, which is a key trading partner.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks. There may be revisions to previously reported figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Value of Exports to Canada from Wisconsin (WICANA052SCEN), retrieved from FRED.