Number of Identified Exporters to United Kingdom from Minnesota
MNGBRA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,041.00
Year-over-Year Change
-5.96%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to United Kingdom from Minnesota' trend measures the total count of Minnesota-based companies that export goods to the United Kingdom. This metric provides insights into the trade dynamics and commercial relationships between Minnesota and the UK.
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 economic indicator tracks the number of unique Minnesota-based exporters that sell products to customers in the United Kingdom. It serves as a proxy for the level of trade and commercial activity between these two regions, which is relevant for policymakers, economists, and business analysts.
Methodology
The data is collected by the U.S. Census Bureau through its export transaction reporting system.
Historical Context
This trend is used to assess the health and competitiveness of Minnesota's export sector and its integration with the UK market.
Key Facts
- Minnesota exported $2.3 billion worth of goods to the UK in 2021.
- The number of identified Minnesota exporters to the UK increased by 7% in 2022.
- The top Minnesota export industries to the UK are machinery, medical devices, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Identified Exporters to United Kingdom from Minnesota' trend measures the total count of unique Minnesota-based companies that export goods to customers in the United Kingdom.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade dynamics and commercial relationships between Minnesota and the UK, which is valuable for policymakers, economists, and businesses analyzing regional economic performance and trade patterns.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its export transaction reporting system.
Q: How is this trend used in economic policy?
A: This trend is used to assess the health and competitiveness of Minnesota's export sector and its integration with the UK market, which can inform trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in the availability of the most recent data due to the Census Bureau's reporting process.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to United Kingdom from Minnesota (MNGBRA475SCEN), retrieved from FRED.