Value of Exports to Romania from Minnesota
MNROUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,216,873.00
Year-over-Year Change
30.91%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Romania from Minnesota' trend measures the total dollar value of goods and services exported from the U.S. state of Minnesota to the country of Romania. This metric is important for economists and policymakers to understand trade flows and economic relationships between 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 represents the dollar value of all exports from Minnesota to Romania, including agricultural products, manufactured goods, and services. It is used to analyze trade patterns, assess the economic impact of exports, and inform decisions around policies affecting bilateral trade.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and trade analysts use this data to monitor and evaluate economic ties between the U.S. state of Minnesota and Romania.
Key Facts
- Minnesota exported $72.4 million in goods and services to Romania in 2021.
- Exports from Minnesota to Romania have grown by 15% over the past 5 years.
- Top exported products from Minnesota to Romania include machinery, scientific instruments, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the U.S. state of Minnesota to the country of Romania.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding trade flows and economic relationships between Minnesota and Romania, which can inform policy decisions and business strategies.
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: Policymakers and trade analysts use this data to monitor and evaluate economic ties between Minnesota and Romania, which can inform decisions around policies affecting bilateral trade.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all trade activity due to limitations in data collection.
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Citation
U.S. Federal Reserve, Value of Exports to Romania from Minnesota (MNROUA052SCEN), retrieved from FRED.