Number of Identified Exporters to Singapore from Maryland
MDSGPA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
242.00
Year-over-Year Change
15.24%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Singapore from Maryland' tracks the count of Maryland-based companies that export goods to Singapore. This metric is relevant for understanding trade patterns and the international competitiveness of Maryland's businesses.
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 measures the number of exporters located in the state of Maryland that ship goods to Singapore. It provides insight into the scale and composition of Maryland's export economy and its trade relationship with a key global market.
Methodology
The data is collected by the U.S. Census Bureau through mandatory reporting from companies on their international sales.
Historical Context
Policymakers and economic analysts use this data to assess Maryland's export potential and the state's engagement with Asian-Pacific trade networks.
Key Facts
- Maryland exported over $1.3 billion in goods to Singapore in 2021.
- The number of Maryland exporters to Singapore has grown by 25% since 2015.
- Singapore is Maryland's 10th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This series tracks the count of companies based in the U.S. state of Maryland that export goods to Singapore.
Q: Why is this trend relevant for users or analysts?
A: The number of Maryland exporters to Singapore provides insight into the state's trade relationships and the international competitiveness of its businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory reporting from exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Maryland's export potential and engagement with key Asian-Pacific trade markets.
Q: Are there update delays or limitations?
A: The data may have a 6-12 month reporting lag, and only includes companies that are legally required to report their international sales.
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Value of Exports to Singapore from Maryland
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Singapore from Maryland (MDSGPA475SCEN), retrieved from FRED.