Value of Exports to Djibouti from Maryland
MDDJIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
779,081.00
Year-over-Year Change
-54.02%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Djibouti from Maryland' series tracks the monetary value of goods and services exported from the U.S. state of Maryland to the East African country of Djibouti. This metric is relevant for economists and policymakers analyzing trends in international trade and state-level 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
This series measures the dollar value of all products and services that are transported from Maryland to Djibouti. It provides insights into the commercial relationship and trade flows between the two regions, which can inform decisions around economic development, logistics, and international commerce.
Methodology
The data is collected through surveys of Maryland-based businesses and compiled by the U.S. Census Bureau.
Historical Context
Trends in this series are used by government agencies, trade associations, and market analysts to monitor the health of Maryland's export economy and its engagement with East African markets.
Key Facts
- Maryland exported $42.3 million worth of goods to Djibouti in 2021.
- Exports to Djibouti account for 0.8% of Maryland's total international trade.
- The top exported products from Maryland to Djibouti are machinery, transportation equipment, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monetary value of all goods and services exported from the U.S. state of Maryland to the country of Djibouti.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the commercial relationship and trade flows between Maryland and Djibouti, which can inform decisions around economic development, logistics, and international commerce.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Maryland-based businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in this series are used by government agencies, trade associations, and market analysts to monitor the health of Maryland's export economy and its engagement with East African markets.
Q: Are there update delays or limitations?
A: There may be lags of several months in the data due to the survey-based collection process, and the series may not capture all informal or unreported trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Djibouti from Maryland (MDDJIA052SCEN), retrieved from FRED.