Number of Identified Exporters to Somalia from Minnesota
MNSOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
400.00%
Date Range
1/1/2002 - 1/1/2017
Summary
The Number of Identified Exporters to Somalia from Minnesota measures the count of companies located in Minnesota that export goods to Somalia. This statistic is useful for analyzing trade patterns and economic relationships 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 series tracks the number of businesses based in Minnesota that are identified as exporting products to Somalia. It provides insight into the commercial ties and trade flows between the state and the East African country.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters.
Historical Context
Policymakers and economists monitor this trend to assess Minnesota's trade activity and integration with the Somali market.
Key Facts
- Minnesota is a top U.S. state for exports to Somalia.
- Exports to Somalia account for a small but growing share of Minnesota's total international trade.
- The number of identified exporters has fluctuated over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of companies located in the U.S. state of Minnesota that are identified as exporting goods to Somalia.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of Minnesota exporters to Somalia provides insight into the commercial relationship and trade flows between the two regions, which is useful for policymakers and economists analyzing economic trends.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Governments and analysts monitor this trend to assess Minnesota's trade activity and integration with the Somali market, which can inform economic and trade policies.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in capturing all exporting companies, as the data relies on survey responses.
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Value of Exports to Somalia from Washington
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Somalia from Minnesota (MNSOMA475SCEN), retrieved from FRED.