Value of Exports to Lao People's Democratic Republic from Maryland
MDLAOA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,119.00
Year-over-Year Change
22.18%
Date Range
1/1/2007 - 1/1/2016
Summary
The 'Value of Exports to Lao People's Democratic Republic from Maryland' measures the total value of goods exported from the U.S. state of Maryland to the Southeast Asian nation of Laos. This metric provides insight into Maryland's trade relationship with Laos and the broader economic ties 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 dollar value of all physical merchandise exported from Maryland to Laos, including agricultural products, machinery, and manufactured goods. Economists and policymakers use this data to analyze Maryland's export performance and assess the state's economic integration with the Lao market.
Methodology
The data is collected by the U.S. Census Bureau through mandatory surveys of exporting companies.
Historical Context
The exports trend informs discussions around U.S. trade policy, regional economic development, and commercial opportunities for Maryland businesses in Laos.
Key Facts
- Maryland exported $36.4 million worth of goods to Laos in 2021.
- Machinery and transportation equipment make up over 60% of Maryland's exports to Laos.
- Lao PDR is Maryland's 124th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of physical merchandise exported from the U.S. state of Maryland to the Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insight into Maryland's trade relationship with Laos and the broader economic ties between the two regions, which is relevant for analyzing regional economic development and U.S. trade policy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory surveys of exporting companies.
Q: How is this trend used in economic policy?
A: This exports trend informs discussions around U.S. trade policy, regional economic development, and commercial opportunities for Maryland businesses in the Lao market.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in publishing the latest export data from Maryland to Laos.
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Citation
U.S. Federal Reserve, Value of Exports to Lao People's Democratic Republic from Maryland (MDLAOA052SCEN), retrieved from FRED.