Value of Exports to Denmark from Maine
MEDNKA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,466,035.00
Year-over-Year Change
-78.01%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Denmark from Maine' series tracks the total value of goods exported from the U.S. state of Maine to Denmark. This metric is important for understanding regional trade flows and Maine's economic connections to the global 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
This economic trend represents the total dollar value of all physical merchandise exported from Maine to Denmark in a given time period. The data is valuable for analyzing Maine's export activity and trade relationships, as well as the state's integration into international supply chains.
Methodology
The data is collected through customs records and surveys of Maine-based businesses that export to Denmark.
Historical Context
Policymakers and economists use this series to assess Maine's economic performance and competitiveness in global markets.
Key Facts
- Maine exported over $150 million in goods to Denmark in 2021.
- Denmark is Maine's 5th largest export destination worldwide.
- Top Maine exports to Denmark include seafood, machinery, and electronics.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of physical goods exported from the U.S. state of Maine to Denmark in a given time period.
Q: Why is this trend relevant for users or analysts?
A: The data provides insights into Maine's export activity and trade relationships, which are important for understanding the state's economic performance and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through customs records and surveys of Maine-based businesses that export to Denmark.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to assess Maine's export-driven economic growth and develop strategies to support the state's trade relationships.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few months of the end of each reporting period.
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Citation
U.S. Federal Reserve, Value of Exports to Denmark from Maine (MEDNKA052SCEN), retrieved from FRED.