Imports of Goods: Manufactured Commodities for Maine
IMPMANME • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
363.47
Year-over-Year Change
-18.59%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods: Manufactured Commodities for Maine' trend measures the value of manufactured goods imported into the state of Maine. This provides important insights into Maine's trade activity and the strength of its manufacturing sector.
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 indicator tracks the imports of manufactured goods, such as machinery, chemicals, and consumer products, into the state of Maine. It is a key measure of Maine's economic integration with global supply chains and the competitiveness of its manufacturing industries.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on customs declarations and other administrative records.
Historical Context
Policymakers and businesses use this trend to understand Maine's trade dynamics and identify opportunities or challenges for the state's manufacturers.
Key Facts
- Maine is a major manufacturing hub in the Northeast U.S.
- Imports of manufactured goods account for over 60% of Maine's total imports.
- The value of manufactured imports into Maine has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of manufactured goods, such as machinery, chemicals, and consumer products, that are imported into the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Maine's trade activity and the strength of its manufacturing sector, which are key factors for policymakers and businesses to monitor.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on customs declarations and other administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this trend to understand Maine's trade dynamics and identify opportunities or challenges for the state's manufacturers.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the end of the reference period, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Imports of Goods: Manufactured Commodities for Maine (IMPMANME), retrieved from FRED.