International Trade: Exports: Value (Goods): Total for Estonia
XTEXVA01EEQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.63
Year-over-Year Change
-11.26%
Date Range
1/1/1995 - 7/1/2023
Summary
The 'International Trade: Exports: Value (Goods): Total for Estonia' trend measures the total value of goods exported from Estonia to international markets. This metric is important for economists and policymakers to assess Estonia's trade activity and global 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
This series tracks the total value of goods exported from Estonia, providing insights into the country's international trade flows and economic performance. The data is widely used by analysts to monitor Estonia's export-driven growth and evaluate its position in global supply chains.
Methodology
The data is collected by Estonia's statistical agency through surveys of exporting companies.
Historical Context
Policymakers use this metric to inform trade negotiations and evaluate the impacts of economic policies on Estonia's exports.
Key Facts
- Estonia's total goods exports were valued at over €16 billion in 2021.
- The EU is Estonia's largest trading partner, accounting for over 70% of its exports.
- Estonia's top export products include machinery, electrical equipment, and wood products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods exported from Estonia to international markets, providing insights into the country's trade activity and global competitiveness.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to assess Estonia's export-driven growth, evaluate its position in global supply chains, and inform trade negotiations and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by Estonia's statistical agency through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to inform trade negotiations and evaluate the impacts of economic policies on Estonia's exports.
Q: Are there update delays or limitations?
A: The data is typically released with a short delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Estonia (XTEXVA01EEQ188S), retrieved from FRED.