Value of Exports to Portugal from Minnesota
MNPRTA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,215,685.00
Year-over-Year Change
-60.24%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the state of Minnesota to Portugal. It provides insights into Minnesota's trade relationship with this European market.
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 Portugal from Minnesota' series tracks the dollar value of goods and services exported from Minnesota to Portugal. This metric is used by economists and policymakers to analyze Minnesota's export performance and trade dynamics with a key international partner.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and other sources.
Historical Context
This export data is relevant for assessing Minnesota's economic integration with global markets and the state's competitiveness in key trade relationships.
Key Facts
- Minnesota exported over $100 million in goods and services to Portugal in 2021.
- Exports to Portugal account for around 1% of Minnesota's total international trade.
- The top export categories from Minnesota to Portugal include machinery, vehicles, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of exports from the U.S. state of Minnesota to Portugal. It tracks Minnesota's trade flows and commercial relationship with this European market.
Q: Why is this trend relevant for users or analysts?
A: This export data is important for understanding Minnesota's integration with the global economy and the state's competitiveness in key international markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this export data to assess Minnesota's trade performance and inform decisions related to economic development, trade agreements, and international market access.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the latest export data due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to Portugal from Minnesota (MNPRTA052SCEN), retrieved from FRED.