International Trade: Exports: Value (Goods): Total for Denmark
XTEXVA01DKQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34.59
Year-over-Year Change
15.55%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures the total value of goods exported from Denmark. It provides insights into Denmark's international trade performance and competitiveness.
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
The 'International Trade: Exports: Value (Goods): Total for Denmark' series tracks the total monetary value of all physical goods exported from Denmark to international markets. This metric is a key indicator of Denmark's export-oriented economy and trade position.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on reports from Danish trade authorities.
Historical Context
Policymakers and analysts use this trend to monitor Denmark's trade balance, economic growth, and global market share.
Key Facts
- Denmark is one of the world's most trade-dependent economies.
- Exports account for over 50% of Denmark's GDP.
- The top export destinations are Germany, Sweden, and the United Kingdom.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all physical goods exported from Denmark to international markets.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Denmark's export performance, trade balance, and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reports from Danish trade authorities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor Denmark's trade balance, economic growth, and global market share.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few months of the reference period.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Denmark (XTEXVA01DKQ188S), retrieved from FRED.