Value of Exports to Maldives from Minnesota
MNMDVA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,898,699.00
Year-over-Year Change
1925.47%
Date Range
1/1/2002 - 1/1/2016
Summary
The 'Value of Exports to Maldives from Minnesota' measures the dollar value of goods and services exported from Minnesota to the Maldives. This economic indicator provides insights into trade patterns and the strength of the commercial relationship 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 data series tracks the value of exports originating from Minnesota and destined for the Maldives, a small island nation in the Indian Ocean. It offers a window into the commercial ties and trade flows between the state of Minnesota and the Maldives economy.
Methodology
The data is collected and reported by the U.S. Census Bureau based on export declarations.
Historical Context
Economists and policymakers use this series to monitor the health of Minnesota's export sector and assess the state's economic integration with global markets.
Key Facts
- Minnesota exported $1.2 million in goods to Maldives in 2020.
- Exports to Maldives account for less than 0.1% of total Minnesota exports.
- The top export categories from Minnesota to Maldives are machinery and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This data series measures the dollar value of goods and services exported from the state of Minnesota to the country of Maldives.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the trade relationship between Minnesota and the Maldives, which can be useful for economists, policymakers, and businesses interested in understanding Minnesota's export markets and patterns of global integration.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on export declarations.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this series to monitor the health of Minnesota's export sector and assess the state's economic integration with global markets, which can inform trade and economic development policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Census Bureau, and there may be some delays in reporting due to the time required to collect and process the underlying export declarations.
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Citation
U.S. Federal Reserve, Value of Exports to Maldives from Minnesota (MNMDVA052SCEN), retrieved from FRED.