Number of Identified Exporters to Mexico from Maryland
MDMEXA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
472.00
Year-over-Year Change
30.03%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Mexico from Maryland' trend tracks the number of Maryland businesses exporting goods to Mexico. This metric provides insight into the state's trade relationships and economic connections with the Mexican market.
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 total count of unique Maryland-based companies that have reported exporting to Mexico in a given year. It is an important indicator of the breadth and depth of Maryland's trade engagement with its southern neighbor.
Methodology
The data is collected through surveys of U.S. businesses and customs declaration records.
Historical Context
Policymakers and economists analyze this trend to understand Maryland's export performance and competitiveness in the Mexican market.
Key Facts
- Maryland exported over $1 billion in goods to Mexico in 2021.
- The number of identified Maryland exporters to Mexico has grown by 20% since 2015.
- Top Maryland exports to Mexico include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unique Maryland-based businesses that have reported exporting goods to Mexico in a given year.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and breadth of Maryland's trade relationship with Mexico, which is an important economic partner for the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and customs declaration records.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand Maryland's export performance and competitiveness in the Mexican market, which can inform trade, economic development, and other policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of several months, so the most recent figures may not reflect the current state of Maryland's exports to Mexico.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Mexico from Maryland (MDMEXA475SCEN), retrieved from FRED.