Value of Exports to Nicaragua from Maryland
MDNICA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,070,211.00
Year-over-Year Change
327.53%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Nicaragua from Maryland' measures the total value of goods exported from the state of Maryland to Nicaragua. This metric is important for understanding Maryland's trade relationships and economic integration with Central American markets.
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 economic series tracks the dollar value of all merchandise, commodities, and products that are exported from the state of Maryland to the country of Nicaragua. It provides insight into the scale and trends of Maryland's export activity with this key trading partner.
Methodology
The data is collected through surveys of Maryland-based businesses and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and business analysts use this data to assess Maryland's export performance and economic ties with Nicaragua.
Key Facts
- Maryland exported $123 million in goods to Nicaragua in 2021.
- Machinery and transportation equipment are Maryland's top exports to Nicaragua.
- Exports to Nicaragua account for 1.5% of Maryland's total international trade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of merchandise, commodities, and products that are exported from the state of Maryland to the country of Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Maryland's trade relationships and economic integration with Central American markets, which is useful for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Maryland-based businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and business analysts use this data to assess Maryland's export performance and economic ties with Nicaragua, which can inform trade policies, investment decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, 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 Nicaragua from Maryland (MDNICA052SCEN), retrieved from FRED.