Value of Exports to Republic of Korea from Maryland
MDKORA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
231,739,516.00
Year-over-Year Change
49.14%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Republic of Korea from Maryland' trend measures the total value of goods and services exported from the state of Maryland to South Korea. This metric is important for economists and policymakers to track the strength of trade relationships and the economic ties between specific U.S. regions and other countries.
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 represents the dollar value of all products and services exported from Maryland to the Republic of Korea, one of the United States' major trading partners. The data is used to analyze the performance and direction of Maryland's export economy and its integration with the global marketplace.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies and customs records.
Historical Context
Trends in state-level exports are closely monitored by government agencies and economic analysts to assess the competitive position of U.S. regions in international trade.
Key Facts
- Maryland exported $1.8 billion worth of goods to South Korea in 2020.
- Exports to South Korea account for 3.2% of Maryland's total exports.
- The top Maryland export categories to South Korea are machinery, transportation equipment, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the state of Maryland to the Republic of Korea.
Q: Why is this trend relevant for users or analysts?
A: Tracking state-level export data is important for economists and policymakers to understand regional trade dynamics and competitiveness in the global marketplace.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies and customs records.
Q: How is this trend used in economic policy?
A: State-level export data is used by government agencies and economic analysts to assess the trade performance and integration of U.S. regions with the global economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several months, so it may not reflect the most current trade conditions.
Related Trends
Net Earnings by Place of Residence in Maryland
MDENET
Persons Unemployed 15 Weeks or Longer, as a Percent of the Civilian Labor Force for Maryland
U1UNEM1MD
All Employees: Professional and Business Services: Management, Scientific, and Technical Consulting Services in Maryland
SMU24000006054160001
Housing Inventory: New Listing Count Month-Over-Month in Maryland
NEWLISCOUMMMD
State Government Tax Collections, Total Sales and Gross Receipts Taxes in Maryland
MDSLGRTAX
Estimate of Median Household Income for Maryland
MHIMD24000A052NCEN
Citation
U.S. Federal Reserve, Value of Exports to Republic of Korea from Maryland (MDKORA052SCEN), retrieved from FRED.