Value of Exports to Hungary from Minnesota
MNHUNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,866,646.00
Year-over-Year Change
153.60%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Hungary from Minnesota' measures the dollar value of goods and services exported from the U.S. state of Minnesota to Hungary. This metric is important for understanding trade dynamics and regional economic activity.
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 monetary value of products and services shipped from Minnesota businesses and producers to Hungarian consumers and companies. It provides insight into the strength of commercial ties and trade flows between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Policymakers and market analysts use this information to assess Minnesota's international trade performance and competitiveness.
Key Facts
- Minnesota exported over $250 million in goods to Hungary in 2021.
- The top exported products include machinery, medical equipment, and agricultural commodities.
- Hungary is Minnesota's 49th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Hungary from Minnesota' metric tracks the dollar value of goods and services exported from the U.S. state of Minnesota to Hungary.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the strength of trade ties and commercial activity between Minnesota and Hungary, which is valuable for understanding regional economic performance and dynamics.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this information through surveys of exporting firms located in Minnesota.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this export data to assess Minnesota's international trade position and competitiveness, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: There may be a several month lag in the release of the latest export figures due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to Hungary from Minnesota (MNHUNA052SCEN), retrieved from FRED.