Value of Exports to Malawi from Maryland
MDMWIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,067,301.00
Year-over-Year Change
444.57%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Malawi from Maryland measures the dollar value of goods and services exported from the U.S. state of Maryland to the African country of Malawi. This metric is crucial for understanding trade dynamics and economic relationships between 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 data series tracks the value of exports, which encompasses the monetary worth of all physical goods and intangible services sent from Maryland businesses and producers to Malawian importers and consumers. Analysts use this information to gauge Maryland's export competitiveness and Malawi's trade patterns.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies and customs declarations.
Historical Context
Policymakers and trade organizations monitor this series to inform decisions around tariffs, trade agreements, and export promotion programs.
Key Facts
- Maryland exported $12.4 million worth of goods to Malawi in 2021.
- Top Maryland exports to Malawi include agricultural products, machinery, and chemicals.
- Malawi accounts for 0.1% of Maryland's total export value.
FAQs
Q: What does this economic trend measure?
A: The Value of Exports to Malawi from Maryland tracks the dollar amount of physical goods and services exported from the U.S. state of Maryland to the country of Malawi.
Q: Why is this trend relevant for users or analysts?
A: This data helps economists and policymakers understand Maryland's trade relationship with Malawi, which informs decisions around tariffs, trade agreements, and export promotion programs.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporting companies and customs declarations.
Q: How is this trend used in economic policy?
A: Government agencies and trade organizations monitor this series to assess Maryland's export competitiveness and Malawi's trade patterns, which can shape policies around tariffs and trade agreements.
Q: Are there update delays or limitations?
A: This data is published monthly by the U.S. Census Bureau, but there may be a 1-2 month delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Value of Exports to Malawi from Maryland (MDMWIA052SCEN), retrieved from FRED.