Value of Exports to Ireland from Minnesota
MNIRLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
391,992,670.00
Year-over-Year Change
-70.71%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ireland from Minnesota' series measures the dollar value of goods exported from Minnesota to Ireland. This metric is important for understanding trade dynamics and 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 tracks the value of physical goods and commodities exported from the state of Minnesota to the country of Ireland. It provides insight into the commercial relationship and trade flows between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Economists and policymakers use this data to assess Minnesota's export performance and its integration with the global economy.
Key Facts
- Minnesota is one of the top exporting states in the U.S.
- Ireland is an important trading partner for Minnesota businesses.
- Exports support thousands of jobs in Minnesota's manufacturing and agriculture sectors.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and commodities exported from the state of Minnesota to Ireland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship between Minnesota and Ireland, which is relevant for understanding regional economic dynamics and performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this data to assess Minnesota's export performance and its integration with the global economy.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the time required for collection and processing by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Ireland from Minnesota (MNIRLA052SCEN), retrieved from FRED.