Value of Exports to United Kingdom from Wisconsin
WIGBRA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
714,210,425.00
Year-over-Year Change
21.66%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Kingdom from Wisconsin' measures the total dollar value of goods and services exported from the U.S. state of Wisconsin to the United Kingdom. This metric is important for analyzing trade flows and economic relationships between regional economies.
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 indicator tracks the value of international trade activity between Wisconsin and the UK. It provides insights into the strength of export-driven industries and commercial ties between the two economies. Policymakers and market analysts use this data to assess Wisconsin's export competitiveness and the state's integration with global supply chains.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Trends in Wisconsin's exports to the UK are relevant for understanding the state's economic health and trade policy impacts.
Key Facts
- Wisconsin exported $2.1 billion worth of goods to the UK in 2021.
- The top Wisconsin export categories to the UK are machinery, vehicles, and instruments.
- UK was Wisconsin's 5th largest export destination in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar value of goods and services exported from the U.S. state of Wisconsin to the United Kingdom.
Q: Why is this trend relevant for users or analysts?
A: Trends in Wisconsin's exports to the UK provide insights into the state's trade relationships and economic competitiveness in global markets.
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 market analysts use this data to assess Wisconsin's export competitiveness and the state's integration with global supply chains.
Q: Are there update delays or limitations?
A: There may be lags of several months in data availability due to the time required for collection and reporting.
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Citation
U.S. Federal Reserve, Value of Exports to United Kingdom from Wisconsin (WIGBRA052SCEN), retrieved from FRED.