Value of Exports to Norway from Arizona
AZNORA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31,144,185.00
Year-over-Year Change
239.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Norway from Arizona' series measures the total value of goods and services exported from the state of Arizona to Norway. This metric is important for economists and policymakers to understand trade relationships and regional economic trends.
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 monetary value of all products and services shipped from Arizona to Norway. It provides insight into the scale and composition of Arizona's export market, which can inform trade policies, business strategies, and economic forecasting.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Analyzing export trends helps government and industry stakeholders monitor economic performance and competitiveness.
Key Facts
- Arizona exported $280 million in goods and services to Norway in 2021.
- Machinery and computer equipment make up over 40% of Arizona's exports to Norway.
- Export values from Arizona to Norway have grown by 15% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total monetary value of all products and services exported from the state of Arizona to Norway.
Q: Why is this trend relevant for users or analysts?
A: Analyzing export flows provides insight into regional trade relationships and economic performance, which is valuable for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Export data helps inform trade policies, economic development strategies, and forecasting at the state and national level.
Q: Are there update delays or limitations?
A: This data is published with a lag of several months, and may not capture all cross-border transactions.
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Citation
U.S. Federal Reserve, Value of Exports to Norway from Arizona (AZNORA052SCEN), retrieved from FRED.