Value of Exports to Latvia from Minnesota
MNLVAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,104,576.00
Year-over-Year Change
89.76%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Latvia from Minnesota' series measures the total dollar value of goods and services exported from the U.S. state of Minnesota to the country of Latvia. This metric is important for understanding Minnesota's international trade relationships and economic interdependence.
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 data series tracks the value of all commercial products and services shipped from Minnesota businesses and producers to customers in Latvia. It provides insight into the commercial and economic ties between the two regions, which is relevant for trade policy analysis, investment decisions, and economic forecasting.
Methodology
The data is collected and published by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and market analysts use this series to assess Minnesota's export performance and trade position relative to Latvia.
Key Facts
- Minnesota exported $42.5 million in goods and services to Latvia in 2021.
- Latvia was Minnesota's 47th largest export market in 2021.
- Computer and electronic products were Minnesota's top export category to Latvia.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total dollar value of all commercial goods and services exported from the U.S. state of Minnesota to the country of Latvia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic relationship and trade flows between Minnesota and Latvia, which is relevant for understanding regional trade dynamics, informing policy decisions, and forecasting economic activity.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess Minnesota's export performance and trade position relative to Latvia, which can inform decisions around trade agreements, investment, and economic development.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the time required for collection and compilation by statistical agencies.
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Citation
U.S. Federal Reserve, Value of Exports to Latvia from Minnesota (MNLVAA052SCEN), retrieved from FRED.