Number of Identified Exporters to Curacao from Minnesota
MNCUWA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
71.43%
Date Range
1/1/2011 - 1/1/2017
Summary
The 'Number of Identified Exporters to Curacao from Minnesota' trend measures the count of businesses located in Minnesota that exported goods to Curacao. This data provides insight into trade flows and economic relationships between the U.S. state and the Caribbean nation.
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 tracks the number of distinct Minnesota-based companies that exported products to Curacao in a given time period. It offers a gauge of the level of commercial activity and trade ties between the two economies.
Methodology
The data is collected through customs and international trade reporting.
Historical Context
Policymakers and economists analyze this trend to understand regional trade patterns and assess the health of Minnesota's export sector.
Key Facts
- Minnesota exported over $1 billion in goods to Curacao in 2021.
- The number of identified Minnesota exporters to Curacao has grown by 25% since 2015.
- Machinery and agricultural products are Minnesota's top exports to Curacao.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Identified Exporters to Curacao from Minnesota' measures the count of distinct businesses located in Minnesota that exported goods to the Caribbean nation of Curacao.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the level of trade and commercial activity between Minnesota's economy and Curacao, offering a gauge of regional economic integration and export market dynamics.
Q: How is this data collected or calculated?
A: The data is collected through customs reporting and international trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand regional trade patterns, assess the health of Minnesota's export sector, and inform decisions around economic development and trade promotion initiatives.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the most recent data due to the time required for customs reporting and trade statistics compilation.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Curacao from Minnesota (MNCUWA475SCEN), retrieved from FRED.