Value of Exports to Czech Republic from Minnesota
MNCZEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,515,476.00
Year-over-Year Change
178.79%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Czech Republic from Minnesota' trend measures the total dollar value of goods and services exported from the U.S. state of Minnesota to the Czech Republic. This provides insight into the trade relationship between the two economies.
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 value of exports originating from Minnesota to the Czech Republic, one of Minnesota's key trading partners in Europe. It is used by economists, policymakers, and businesses to analyze trends in the state's international trade and competitiveness.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other administrative sources.
Historical Context
Policymakers and industry analysts monitor this trend to understand Minnesota's export performance and the broader state of U.S.-Czech economic relations.
Key Facts
- Minnesota exported $305 million in goods and services to the Czech Republic in 2021.
- Machinery and transportation equipment make up over 60% of Minnesota's exports to the Czech Republic.
- The U.S. is the Czech Republic's largest non-EU trading partner.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the U.S. state of Minnesota to the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the trade relationship between Minnesota and the Czech Republic, allowing analysts to understand Minnesota's export performance and competitiveness in key European markets.
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 other administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts monitor this trend to understand Minnesota's export performance and the broader state of U.S.-Czech economic relations, which can inform trade policies and business strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag, and may be subject to revisions based on updated information from the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Czech Republic from Minnesota (MNCZEA052SCEN), retrieved from FRED.