Value of Exports to Brazil from Massachusetts
MABRAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
243,284,393.00
Year-over-Year Change
-12.33%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Brazil from Massachusetts' series measures the total value of goods and services exported from Massachusetts to Brazil. This metric is a key indicator of Massachusetts' trade relationships and economic integration with global 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 data series tracks the dollar value of all commodities and services exported from Massachusetts to Brazil. It is an important measure of the strength of Massachusetts' economic ties with a major international trading partner and can provide insights into the state's export-driven industries and competitiveness.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of Massachusetts exporters.
Historical Context
Policymakers and economists use this series to assess Massachusetts' trade position and competitiveness in the Brazilian market.
Key Facts
- Massachusetts exported $1.7 billion in goods and services to Brazil in 2021.
- Brazil was Massachusetts' 10th largest export destination in 2021.
- Top Massachusetts exports to Brazil include industrial machinery, computer equipment, and medical devices.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of all goods and services exported from the state of Massachusetts to Brazil.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic relationship between Massachusetts and a major international trade partner, Brazil. It is useful for assessing the state's export competitiveness and trade position.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Massachusetts-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to evaluate Massachusetts' trade dynamics and inform decisions related to export promotion, trade agreements, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag. The series may not capture all export activity, as it is limited to reporting from surveyed exporters in Massachusetts.
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Citation
U.S. Federal Reserve, Value of Exports to Brazil from Massachusetts (MABRAA052SCEN), retrieved from FRED.