Number of Identified Exporters to Spain from Minnesota
MNESPA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
300.00
Year-over-Year Change
-10.45%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Spain from Minnesota' tracks the count of companies located in Minnesota that export goods or services to Spain. This provides insight into the strength of economic ties 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 series represents the number of businesses registered in the state of Minnesota that have exported products or services to the Spanish market. It serves as an indicator of the level of trade and commercial activity between Minnesota and Spain.
Methodology
The data is collected through surveys of companies and customs records by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this metric to assess Minnesota's export performance and competitiveness in the Spanish market.
Key Facts
- Minnesota exported over $300 million in goods to Spain in 2021.
- The number of Minnesota companies exporting to Spain has grown by 25% since 2015.
- Machinery and agricultural products are Minnesota's top exports to Spain.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of businesses located in Minnesota that export goods or services to Spain. It provides insight into the level of trade activity between the two regions.
Q: Why is this trend relevant for users or analysts?
A: The number of Minnesota exporters to Spain is an important indicator of the strength of economic ties between the two regions. It helps policymakers and economists assess Minnesota's export performance and competitiveness in the Spanish market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of companies and customs records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Minnesota's export performance and the effectiveness of trade policies between the U.S. and Spain.
Q: Are there update delays or limitations?
A: There may be a 6-12 month delay in data availability due to the time required for companies to report their export activities.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Spain from Minnesota (MNESPA475SCEN), retrieved from FRED.