Value of Exports to Bermuda from Minnesota
MNBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
853,067.00
Year-over-Year Change
-80.73%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Bermuda from Minnesota' measures the dollar value of goods and services exported from the state of Minnesota to the island nation of Bermuda. This economic indicator provides insight into trade dynamics and commercial relationships 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 data series tracks the total value of exports originating from Minnesota businesses and sent to consumers or businesses in Bermuda. It is an important metric for understanding Minnesota's export-oriented industries and their engagement with overseas markets.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policy makers and trade analysts use this metric to assess Minnesota's trade competitiveness and the health of its export economy.
Key Facts
- Minnesota is a top-10 state for total exports in the U.S.
- Bermuda is a key trading partner for Minnesota, ranking among its top 20 export destinations.
- Manufacturing and agriculture are major drivers of Minnesota's export economy.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total value of goods and services exported from the state of Minnesota to the island nation of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade dynamics and commercial relationships between Minnesota and Bermuda, which is an important indicator of Minnesota's export competitiveness and the health of its overall economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policy makers and trade analysts use this metric to assess Minnesota's trade competitiveness and the health of its export economy, which informs decisions around economic development, trade policy, and support for export-oriented industries.
Q: Are there update delays or limitations?
A: There may be a short lag in data availability due to the time required for the Census Bureau to collect and process the information from businesses and customs.
Related Trends
Value of Exports to Bermuda from New York
NYBMUA052SCEN
Number of Identified Exporters to Bermuda from North Carolina
NCBMUA475SCEN
Number of Identified Exporters to Bermuda from Alaska
AKBMUA475SCEN
Value of Exports to Bermuda from Hawaii
HIBMUA052SCEN
Value of Exports to Bermuda from Missouri
MOBMUA052SCEN
Number of Identified Exporters to Bermuda from Wyoming
WYBMUA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Bermuda from Minnesota (MNBMUA052SCEN), retrieved from FRED.