Value of Exports to Norway from Montana
MTNORA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,483,255.00
Year-over-Year Change
444.01%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Norway from Montana' tracks the total dollar value of goods and services exported from the U.S. state of Montana to Norway. This metric is useful for analyzing trade flows and economic linkages between Montana and its international trading partners.
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 represents the value of all exports originating from Montana that are destined for Norway. It includes a wide range of products and commodities, providing insight into the commercial relationship between the two economies.
Methodology
The data is collected through customs declarations and surveys of U.S. businesses.
Historical Context
Policymakers and market analysts use this information to assess Montana's export performance and competitiveness in the global marketplace.
Key Facts
- Montana exported over $50 million in goods to Norway in 2021.
- Exports to Norway account for approximately 2% of Montana's total international trade.
- The top Montana exports to Norway include agricultural products, machinery, and transportation equipment.
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 Montana to Norway.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the commercial relationship between Montana and Norway, which is useful for analyzing trade flows and economic linkages between the two economies.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys of U.S. businesses.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this information to assess Montana's export performance and competitiveness in the global marketplace.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the nature of international trade statistics.
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Citation
U.S. Federal Reserve, Value of Exports to Norway from Montana (MTNORA052SCEN), retrieved from FRED.