Number of Identified Exporters to Australia from Minnesota
MNAUSA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
823.00
Year-over-Year Change
13.20%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Australia from Minnesota' measures the count of Minnesota-based businesses that export their goods or services to Australia. This metric provides insight into the state's international trade and economic activity.
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 number of unique Minnesota companies that have been identified as exporting to Australia. It offers a quantitative view of the state's export presence and can be used to analyze trends in global trade and Minnesota's economic ties with key international markets.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this metric to understand Minnesota's export dynamics and competitiveness in the global marketplace.
Key Facts
- Minnesota exported $2.4 billion worth of goods to Australia in 2021.
- The number of identified Minnesota exporters to Australia has grown by 25% over the past 5 years.
- Australia is Minnesota's 8th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of unique Minnesota-based businesses that have been identified as exporting their products or services to Australia.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the number of Minnesota exporters to Australia provides insight into the state's international trade activity and economic connections with key global markets.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to understand Minnesota's export dynamics and competitiveness in the global marketplace.
Q: Are there update delays or limitations?
A: The data is published with a several month lag and may not capture all exporters, as it relies on company self-reporting.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Australia from Minnesota (MNAUSA475SCEN), retrieved from FRED.