Value of Exports to Austria from Wisconsin
WIAUTA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,504,014.00
Year-over-Year Change
-25.07%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Austria from Wisconsin' measures the dollar value of goods and services exported from the state of Wisconsin to Austria. This metric is important for understanding Wisconsin's international trade relationships and competitiveness.
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 series tracks the total value of exports originating from Wisconsin that are destined for Austria. It provides insight into the commercial ties between the two economies and can indicate trends in regional trade flows and integration.
Methodology
The data is compiled by the U.S. Census Bureau based on documentation filed for international shipments.
Historical Context
Policymakers and businesses use this data to assess Wisconsin's export performance and identify opportunities to expand trade with Austria.
Key Facts
- Wisconsin exported over $200 million in goods and services to Austria in 2021.
- Austria is Wisconsin's 22nd largest export destination worldwide.
- Machinery, medical equipment, and motor vehicles are top Wisconsin exports to Austria.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the state of Wisconsin to Austria.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Wisconsin's trade relationship with Austria, a key indicator of the state's international competitiveness and economic integration.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau compiles this data based on documentation filed for international shipments.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this data to assess Wisconsin's export performance and identify opportunities to expand trade with Austria.
Q: Are there update delays or limitations?
A: The data is published with a 2-3 month lag, so it may not reflect the most recent trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Austria from Wisconsin (WIAUTA052SCEN), retrieved from FRED.