Value of Exports to Saudi Arabia from Minnesota
MNSAUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110,404,982.00
Year-over-Year Change
135.66%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Minnesota to Saudi Arabia. It provides insights into Minnesota's trade relationship and economic ties with a major international 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 Saudi Arabia from Minnesota series tracks the dollar value of goods and services exported from Minnesota to Saudi Arabia. This data is useful for analyzing Minnesota's export performance and trade dynamics in the Middle East region.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
This export data informs policymakers and businesses about Minnesota's global trade engagement and competitiveness.
Key Facts
- Minnesota exported over $250 million to Saudi Arabia in 2021.
- Exports to Saudi Arabia account for about 2% of Minnesota's total exports.
- Machinery, agricultural products, and transportation equipment are Minnesota's top exports to Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of exports from the U.S. state of Minnesota to Saudi Arabia. It tracks the dollar amount of goods and services shipped from Minnesota to this major international market.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insights into Minnesota's trade relationship and economic ties with Saudi Arabia, which is an important market for the state. It informs policymakers and businesses about Minnesota's global trade engagement and competitiveness.
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 declarations.
Q: How is this trend used in economic policy?
A: This export data is used by policymakers and economic development agencies to understand Minnesota's global trade performance and inform strategies to support the state's exporters and international competitiveness.
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 processing by the Census Bureau.
Related Trends
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ORSAUA475SCEN
Number of Identified Exporters to Saudi Arabia from Nevada
NVSAUA475SCEN
Amount Outstanding Due within One Year of International Debt Securities for All Issuers, Nationality of Issuer in Saudi Arabia
IDS1MNIAOAISA
Number of Identified Exporters to Saudi Arabia from Minnesota
MNSAUA475SCEN
Projection of General government net lending/borrowing for Saudi Arabia
GGNLBPSAA188N
Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Saudi Arabia
SAUB6CATT00NCCUQ
Citation
U.S. Federal Reserve, Value of Exports to Saudi Arabia from Minnesota (MNSAUA052SCEN), retrieved from FRED.