Value of Exports to Mali from Minnesota
MNMLIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70,508.00
Year-over-Year Change
-23.70%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Mali from Minnesota' metric tracks the dollar value of goods and services exported from the state of Minnesota to the West African nation of Mali. This data point is relevant for understanding Minnesota's international trade patterns and the state's engagement with the Malian economy.
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
The 'Value of Exports to Mali from Minnesota' time series represents the total value of merchandise and services exported from Minnesota businesses and producers to recipients in Mali. This metric provides insight into the commercial relationship between the state and the Malian market, which can inform economic development and international trade policy decisions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Minnesota exporters.
Historical Context
Policymakers and economists use this trend to analyze Minnesota's trade dynamics and commercial ties with African markets.
Key Facts
- Minnesota exported over $4.5 million in goods and services to Mali in 2021.
- Exports to Mali account for less than 0.1% of Minnesota's total international trade volume.
- Agricultural products are Minnesota's top export category to Mali.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Mali from Minnesota' metric tracks the total dollar value of goods and services exported from the state of Minnesota to the country of Mali.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into Minnesota's commercial relationship and trade flows with the Malian market, which can inform economic development, international trade, and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Minnesota-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze Minnesota's trade dynamics and commercial ties with African markets, which can inform decisions around international economic development and trade policy.
Q: Are there update delays or limitations?
A: There may be several months' delay in the reporting of this data due to the time required for the Census Bureau to collect and compile the information from exporters.
Related Trends
Net Reserves by Months of Imported Goods and Services for Mali
MLIBRASSMIMH
Insurance Company Assets to GDP for Mali
DDDI11MLA156NWDB
Gross Domestic Product Per Capita for Mali
PCAGDPMLA646NWDB
Number of Identified Exporters to Mali from Oklahoma
OKMLIA475SCEN
Number of Identified Exporters to Mali from Arizona
AZMLIA475SCEN
Net Lending/borrowing (excluding Grants) for General Government for Mali
MLIGGXCNLXGG01GDPPT
Citation
U.S. Federal Reserve, Value of Exports to Mali from Minnesota (MNMLIA052SCEN), retrieved from FRED.