Value of Exports to Sweden from Minnesota
MNSWEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
83,287,607.00
Year-over-Year Change
1.36%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Sweden from Minnesota' metric tracks the total value of goods and services exported from the U.S. state of Minnesota to Sweden. This data point is important for understanding Minnesota's trade relationship with Sweden and broader economic trends.
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 measures the value of all exports from Minnesota to Sweden, including agricultural products, manufactured goods, and services. It provides insight into the strength of economic ties between the two regions and can inform policymaking and business strategies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
This metric is used by economists, policymakers, and businesses to analyze Minnesota's trade dynamics and Sweden's importance as an export market.
Key Facts
- Minnesota exported $305 million worth of goods and services to Sweden in 2021.
- Sweden was Minnesota's 25th largest export destination in 2021.
- Manufactured machinery and agricultural products account for a significant portion of Minnesota's exports to Sweden.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of exports from the U.S. state of Minnesota to Sweden, providing insight into the trade relationship between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding Minnesota's export dynamics, Sweden's significance as a trading partner, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze Minnesota's trade relationships and inform decisions related to economic development, international partnerships, and trade policy.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may not capture all exports due to survey limitations.
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Citation
U.S. Federal Reserve, Value of Exports to Sweden from Minnesota (MNSWEA052SCEN), retrieved from FRED.