Value of Exports to Denmark from Nebraska
NEDNKA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,325,737.00
Year-over-Year Change
72.31%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Denmark from Nebraska' trend measures the total value of goods and services exported from the U.S. state of Nebraska to Denmark. This metric is important for understanding Nebraska's trade relationships and economic connections with foreign markets.
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 dollar value of all products and services that are exported from businesses located in Nebraska to customers in Denmark. It provides insight into the trade flows and commercial activities between the two regions, which is useful for policymakers, economists, and businesses analyzing economic performance and integration.
Methodology
The data is collected through surveys of exporting companies and customs declarations.
Historical Context
Trends in state-level exports are closely monitored by government agencies and economic analysts to gauge the health of regional trade and the competitiveness of local industries.
Key Facts
- Nebraska exported $78.2 million worth of goods to Denmark in 2021.
- Machinery and agricultural products are Nebraska's top exports to Denmark.
- Denmark is Nebraska's 10th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Nebraska to Denmark. It tracks the dollar amount of goods and services sold by Nebraska businesses to customers in Denmark.
Q: Why is this trend relevant for users or analysts?
A: Monitoring state-level export trends provides valuable insights into regional trade dynamics and the competitiveness of local industries in global markets. This data is useful for policymakers, economists, and businesses analyzing economic performance and integration.
Q: How is this data collected or calculated?
A: The data is collected through surveys of exporting companies and customs declarations.
Q: How is this trend used in economic policy?
A: Trends in state-level exports are closely monitored by government agencies and economic analysts to gauge the health of regional trade and the competitiveness of local industries. This information informs policy decisions related to economic development, international trade, and business support programs.
Q: Are there update delays or limitations?
A: The export data is published with a lag of several months, so the most recent figures may not fully reflect the current trade environment. Additionally, the data only captures merchandise exports and does not include service exports, which are an increasingly important component of state-level trade.
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Citation
U.S. Federal Reserve, Value of Exports to Denmark from Nebraska (NEDNKA052SCEN), retrieved from FRED.