Number of Identified Exporters to Ecuador from Minnesota
MNECUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.00
Year-over-Year Change
66.67%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Ecuador from Minnesota' trend measures the number of businesses in Minnesota that export goods or services to Ecuador. This metric is important for understanding Minnesota's trade relationships and economic integration with foreign markets.
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 count of unique exporters located in Minnesota that have reported sales to Ecuador. It provides insight into the scale and diversity of Minnesota's exporting activities, which is a key indicator of the state's global economic engagement and competitiveness.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
Policymakers and economic development agencies can use this trend to evaluate Minnesota's trade performance and guide strategies to support local exporters.
Key Facts
- Minnesota is the 21st largest exporting state in the U.S.
- Ecuador is Minnesota's 59th largest export destination.
- The number of identified Minnesota exporters to Ecuador has increased by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in Minnesota that have reported selling goods or services to Ecuador.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and diversity of Minnesota's exporting activities, which is an important indicator of the state's global economic integration and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies can use this trend to evaluate Minnesota's trade performance and guide strategies to support local exporters.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so the most recent figures may not reflect the current state of Minnesota's exports to Ecuador.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Ecuador from Minnesota (MNECUA475SCEN), retrieved from FRED.