Value of Exports to Norway from Maryland
MDNORA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,600,717.00
Year-over-Year Change
-14.13%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Norway from Maryland' measures the total value of goods and services exported from Maryland to Norway. This metric is important for policymakers and economists to understand trade flows and the health of state-level export 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 series tracks the total monetary value of physical goods and services exported from the state of Maryland to Norway. Economists use this data to analyze trade relationships, industry competitiveness, and the broader economic integration between Maryland and its international trading partners.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and businesses use this state-level export data to inform trade, economic development, and competitiveness strategies.
Key Facts
- Maryland exported over $400 million in goods and services to Norway in 2022.
- Norway is Maryland's 11th largest export destination globally.
- Top Maryland exports to Norway include aerospace equipment, machinery, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of physical goods and services exported from the state of Maryland to Norway.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding state-level trade flows, the health of export markets, and the broader economic integration between Maryland and its international trading partners.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this state-level export data to inform trade, economic development, and competitiveness strategies.
Q: Are there update delays or limitations?
A: The export data is published with a lag, typically 2-3 months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Value of Exports to Norway from Maryland (MDNORA052SCEN), retrieved from FRED.