Number of Identified Exporters to Canada from Minnesota
MNCANA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,634.00
Year-over-Year Change
29.28%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Canada from Minnesota' metric tracks the count of Minnesota-based companies that export goods to Canada, a key trading partner for the state.
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 series provides insights into the trade dynamics and export activity of Minnesota businesses. The data can help policymakers and analysts understand trends in Minnesota's international trade and economic integration with its northern neighbor.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Monitoring exporter trends is important for assessing the health of Minnesota's export-oriented industries and informing trade policy decisions.
Key Facts
- Minnesota exported over $5 billion in goods to Canada in 2021.
- Canada is Minnesota's largest export market, accounting for 30% of the state's total exports.
- The number of identified Minnesota exporters to Canada has increased by 12% since 2015.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of companies based in Minnesota that are identified as exporting goods to Canada, a major trading partner for the state.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the number of Minnesota exporters to Canada provides insights into the health and integration of the state's export-oriented industries, which is important for policymakers and economic analysts.
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: Trends in the number of Minnesota exporters to Canada can inform trade policy decisions and assessments of the state's economic integration with its northern neighbor.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and survey methodologies of the U.S. Census Bureau, which may result in occasional update delays or incomplete coverage.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Canada from Minnesota (MNCANA475SCEN), retrieved from FRED.