Value of Exports to United Arab Emirates from Minnesota
MNAREA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
105,149,032.00
Year-over-Year Change
159.87%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Arab Emirates from Minnesota' series measures the total value of goods and services exported from the U.S. state of Minnesota to the United Arab Emirates. This data is crucial for understanding Minnesota's international trade and economic relationships.
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 dollar value of all merchandise and services exported from Minnesota to the UAE. It provides insight into the commercial ties and trade flows between the state and this important Middle Eastern trading partner.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and businesses use this data to assess Minnesota's export performance and competitiveness in UAE markets.
Key Facts
- Minnesota exported $258 million worth of goods to the UAE in 2021.
- The UAE was Minnesota's 25th largest export destination in 2021.
- Transportation equipment and machinery are Minnesota's top exports to the UAE.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the U.S. state of Minnesota to the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Minnesota's international trade relationships and competitiveness in the UAE market, which is crucial information for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this data to assess Minnesota's export performance and competitiveness in UAE markets, informing trade and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and survey methods of the U.S. Census Bureau, which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, Value of Exports to United Arab Emirates from Minnesota (MNAREA052SCEN), retrieved from FRED.