Value of Exports to Denmark from Wisconsin
WIDNKA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78,757,203.00
Year-over-Year Change
111.25%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Denmark from Wisconsin' tracks the dollar value of goods and services exported from the U.S. state of Wisconsin to the country of Denmark. This trend is an important indicator of international trade and economic activity between these 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 measures the monetary value of all products and services that are sold by businesses in Wisconsin to customers or companies located in Denmark. It provides insight into the strength of the trade relationship and economic ties between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and economists analyze this trend to understand Wisconsin's trade dynamics and the state's broader engagement with the global economy.
Key Facts
- Wisconsin exported $305 million worth of goods and services to Denmark in 2021.
- Exports to Denmark account for approximately 1.5% of Wisconsin's total international exports.
- The top export categories from Wisconsin to Denmark are machinery, electronics, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of goods and services exported from the U.S. state of Wisconsin to the country of Denmark.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the trade relationship and economic ties between Wisconsin and Denmark, which is important for understanding Wisconsin's engagement with the global economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies located in Wisconsin.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand Wisconsin's trade dynamics and to inform decisions related to international trade, economic development, and export promotion strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Broad Effective Exchange Rate for Denmark
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Real Narrow Effective Exchange Rate for Denmark
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Citation
U.S. Federal Reserve, Value of Exports to Denmark from Wisconsin (WIDNKA052SCEN), retrieved from FRED.