Value of Exports to Benin from Maryland
MDBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,423,889.00
Year-over-Year Change
3569.13%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Maryland to the West African country of Benin. It provides insights into Maryland's trade relationship with one of its international trading partners.
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 Value of Exports to Benin from Maryland series tracks the dollar value of goods and services exported from Maryland to Benin. This data point is useful for analyzing Maryland's export activity and assessing its economic ties with the Beninese market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Maryland-based businesses.
Historical Context
This export value trend is relevant for policymakers, trade analysts, and businesses interested in Maryland's global economic engagement.
Key Facts
- Maryland exported over $25 million in goods to Benin in 2021.
- Exports to Benin account for less than 1% of Maryland's total international exports.
- Top Maryland exports to Benin include machinery, vehicles, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the U.S. state of Maryland to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This export value data provides insights into Maryland's trade relationship with Benin, which is useful for policymakers, businesses, and economists analyzing the state's global economic engagement.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Maryland-based businesses.
Q: How is this trend used in economic policy?
A: This export value trend can inform state and federal policymakers on Maryland's trade dynamics, which may influence decisions around economic development, trade agreements, and export promotion programs.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data by the Census Bureau. The data also does not capture all informal or unrecorded trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Benin from Maryland (MDBENA052SCEN), retrieved from FRED.