International Trade: Exports: Value (Goods): Total for Denmark
XTEXVA01DKA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.62
Year-over-Year Change
9.76%
Date Range
1/1/1995 - 1/1/2022
Summary
This economic trend measures the total value of goods exported from Denmark. It is an important indicator of Denmark's international trade and economic activity.
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
The International Trade: Exports: Value (Goods): Total for Denmark series tracks the total dollar value of all physical goods exported from Denmark to other countries. This metric provides insight into Denmark's trade balance, manufacturing output, and global economic integration.
Methodology
The data is collected by the U.S. Federal Reserve through a survey of international trade flows.
Historical Context
Policymakers and analysts use this trend to assess Denmark's trade competitiveness and the health of its export-oriented industries.
Key Facts
- Denmark is a major exporter of manufactured goods, machinery, and agricultural products.
- Exports account for over 50% of Denmark's GDP.
- The U.S. is Denmark's largest export market outside the EU.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods exported from Denmark to other countries. It provides insight into Denmark's trade balance and the performance of its export-oriented industries.
Q: Why is this trend relevant for users or analysts?
A: The export value trend is a key indicator of Denmark's international competitiveness and global economic integration. It is closely watched by policymakers, businesses, and economists to assess the health of the Danish economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through a survey of international trade flows.
Q: How is this trend used in economic policy?
A: Policymakers use this export data to evaluate Denmark's trade performance, monitor the impact of trade policies, and formulate strategies to support Danish exporters and maintain the country's global competitiveness.
Q: Are there update delays or limitations?
A: There may be some delays in the reporting of this data, as it relies on international trade flow surveys. The data may also not capture all informal or unrecorded trade activity.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Denmark (XTEXVA01DKA188S), retrieved from FRED.