Value of Exports to Saudi Arabia from Maryland
MDSAUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
275,662,282.00
Year-over-Year Change
154.35%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend tracks the value of exports from the U.S. state of Maryland to Saudi Arabia. It provides insights into Maryland's trade relationship with a key international 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
The Value of Exports to Saudi Arabia from Maryland series measures the dollar value of goods and services exported from Maryland to Saudi Arabia. This data point is used by economists and policymakers to analyze Maryland's export dynamics and competitiveness in global trade.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Maryland exporters.
Historical Context
This trend is relevant for understanding Maryland's trade position and informing economic development strategies.
Key Facts
- Maryland exported $336 million worth of goods to Saudi Arabia in 2021.
- Exports to Saudi Arabia make up 1.4% of Maryland's total exports.
- Machinery, transportation equipment, and agricultural products are Maryland's top exports to Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the U.S. state of Maryland to Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Maryland's trade relationship with a key international market, informing economic development strategies and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Maryland exporters.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze Maryland's export dynamics and competitiveness in global trade.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all export activity due to survey limitations.
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Value of Exports to Saudi Arabia from District of Columbia
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Population ages 65 and above for Saudi Arabia
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Imports of Goods and Services for Saudi Arabia
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Citation
U.S. Federal Reserve, Value of Exports to Saudi Arabia from Maryland (MDSAUA052SCEN), retrieved from FRED.