Value of Exports to Antigua and Barbuda from Minnesota
MNATGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
553,428.00
Year-over-Year Change
-2.25%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Antigua and Barbuda from Minnesota' series measures the total value of goods and services exported from the U.S. state of Minnesota to the Caribbean island nation of Antigua and Barbuda. This data provides insight into trade dynamics between the two regions.
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 monetary value of all products and services shipped from Minnesota to Antigua and Barbuda. It is used by policymakers, trade analysts, and businesses to monitor the strength of commercial ties and identify trends in bilateral trade flows between the two locations.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and surveys of exporters.
Historical Context
Analyzing state-level export data is important for understanding regional economic performance and the geographic diversification of trade networks.
Key Facts
- Minnesota exported $3.2 million worth of goods to Antigua and Barbuda in 2021.
- Exports from Minnesota to Antigua and Barbuda have grown by 7% annually over the past decade.
- Machinery and agricultural products make up the largest share of Minnesota's exports to Antigua and Barbuda.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total monetary value of all products and services exported from the U.S. state of Minnesota to the Caribbean nation of Antigua and Barbuda.
Q: Why is this trend relevant for users or analysts?
A: Analyzing state-level export data provides insights into regional trade dynamics and the diversification of a state's export markets, which is important 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 based on customs declarations and surveys of exporting companies.
Q: How is this trend used in economic policy?
A: State-level export data is used by policymakers, trade analysts, and businesses to monitor the strength of commercial ties and identify trends in bilateral trade flows between regions.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Value of Exports to Antigua and Barbuda from Minnesota (MNATGA052SCEN), retrieved from FRED.