Value of Exports to Turkey from Maryland
MDTURA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,237,466.00
Year-over-Year Change
377.44%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Turkey from Maryland' tracks the dollar value of merchandise exports from the U.S. state of Maryland to Turkey. This metric is a key indicator of Maryland's trade relationship and economic ties with Turkey.
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, published by the U.S. Census Bureau, measures the total value of goods and commodities exported from Maryland to Turkey on a monthly basis. Analysts and policymakers use this data to assess Maryland's export activity and trade balance with Turkey, a major U.S. trading partner.
Methodology
The data is collected through mandatory reporting by U.S. exporters to the Census Bureau.
Historical Context
Trends in Maryland's exports to Turkey are closely watched by trade policy officials and international business leaders.
Key Facts
- Maryland exported $193 million in goods to Turkey in 2021.
- Turkey was Maryland's 23rd largest export destination in 2021.
- Aerospace products are Maryland's top export to Turkey.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of merchandise exports from the U.S. state of Maryland to Turkey on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Trends in Maryland's exports to Turkey provide insight into the state's trade relationship and economic ties with this key trading partner.
Q: How is this data collected or calculated?
A: The data is collected through mandatory reporting by U.S. exporters to the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade officials monitor Maryland's exports to Turkey to assess the state's international trade dynamics and guide related policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions.
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Citation
U.S. Census Bureau, Value of Exports to Turkey from Maryland (MDTURA052SCEN), retrieved from FRED.