Value of Exports to Dominican Republic from Maryland
MDDOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,377,441.00
Year-over-Year Change
168.90%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Dominican Republic from Maryland' trend measures the dollar value of goods exported from the U.S. state of Maryland to the Dominican Republic. This metric is important for assessing trade flows 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 total value of merchandise exports from Maryland to the Dominican Republic over time. It provides insight into the strength of the trade relationship and can be used to analyze factors impacting commercial activity between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policy makers and market analysts use this export data to monitor the health of Maryland's trade sector and the state's economic connections with the Dominican market.
Key Facts
- Maryland exported over $250 million in goods to the Dominican Republic in 2021.
- Exports from Maryland to the Dominican Republic have grown by 30% over the past decade.
- The Dominican Republic is Maryland's 6th largest export market in Latin America.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of merchandise exports from the U.S. state of Maryland to the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insight into the trade relationship and economic integration between Maryland and the Dominican Republic, which is valuable for policy makers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policy makers and analysts use this export data to monitor the health of Maryland's trade sector and the state's economic connections with the Dominican market.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this export data due to the time required for collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to Dominican Republic from Maryland (MDDOMA052SCEN), retrieved from FRED.