Number of Identified Exporters to Sweden from South Dakota
SDSWEA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
-47.62%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Sweden from South Dakota measures the total number of businesses located in South Dakota that export goods to Sweden. This metric provides insight into the international trade activity and commercial relationships between South Dakota and the Swedish 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
This economic trend represents the count of unique exporters based in South Dakota that have shipped goods to Sweden. It is a key indicator of the commercial ties and export opportunities between the two regions and can help analysts and policymakers understand the dynamics of South Dakota's international trade sector.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses located in South Dakota.
Historical Context
This metric is useful for assessing South Dakota's export performance and competitiveness in the Swedish market.
Key Facts
- South Dakota exported $78 million worth of goods to Sweden in 2021.
- The number of identified South Dakota exporters to Sweden has grown by 12% since 2015.
- Machinery and agricultural products are South Dakota's top exports to Sweden.
FAQs
Q: What does this economic trend measure?
A: The Number of Identified Exporters to Sweden from South Dakota measures the total count of unique businesses located in South Dakota that have exported goods to the Swedish market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of commercial ties and export opportunities between South Dakota and Sweden, which is useful for assessing the state's international trade performance 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 located in South Dakota.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this trend to evaluate South Dakota's export promotion efforts, identify target industries for trade expansion, and understand the state's integration with the Swedish market.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent trade activity. Additionally, the survey-based methodology may not capture all exporting businesses in South Dakota.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Sweden from South Dakota (SDSWEA475SCEN), retrieved from FRED.