Value of Exports to Australia from Maryland
MDAUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114,079,849.00
Year-over-Year Change
-18.14%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Australia from Maryland' trend measures the total dollar value of goods and services exported from the U.S. state of Maryland to Australia. This metric is an important indicator of trade activity and economic integration between the two regions.
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 series tracks the export value from Maryland to Australia, providing insights into the strength of the trade relationship between the state and the Australian market. Economists and policymakers analyze this data to understand Maryland's export dynamics and assess the state's competitiveness in global trade.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and administrative records.
Historical Context
Policymakers use this series to inform trade policies and monitor the impact of economic agreements between the U.S. and Australia.
Key Facts
- Maryland exported over $400 million worth of goods and services to Australia in 2021.
- Exports to Australia account for approximately 2% of Maryland's total international exports.
- The top export categories from Maryland to Australia include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the U.S. state of Maryland to Australia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship between Maryland and Australia, which is important for understanding the state's economic competitiveness and integration in global markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers use this series to inform trade policies and monitor the impact of economic agreements between the U.S. and Australia.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Value of Exports to Australia from Maryland (MDAUSA052SCEN), retrieved from FRED.