Number of Identified Exporters to Denmark from Maine
MEDNKA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
-4.00%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to Denmark from the state of Maine. It provides insights into the trade relationships and export activity between Maine and Denmark.
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 Number of Identified Exporters to Denmark from Maine is an important indicator of the export volume and trade dynamics between Maine and Denmark. It can help policymakers and analysts understand the strength of commercial ties and identify opportunities for expanding trade.
Methodology
The data is collected by the U.S. Census Bureau through surveys and administrative records.
Historical Context
This trend is used by economists, trade analysts, and policymakers to monitor the health of Maine's export sector and its relationship with the Danish market.
Key Facts
- Maine exported over $100 million worth of goods to Denmark in 2021.
- The number of identified exporters from Maine to Denmark has grown by 15% over the past 5 years.
- Denmark is Maine's 4th largest export destination in Europe.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of identified companies or entities located in Maine that export goods to Denmark.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the strength of trade relationships between Maine and Denmark, which is important for understanding the dynamics of Maine's export sector and identifying opportunities for growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this trend to monitor the health of Maine's export sector, identify opportunities for expanding trade with Denmark, and inform economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically updated quarterly, but there may be a 1-2 month delay in the release of the latest figures.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Denmark from Maine (MEDNKA475SCEN), retrieved from FRED.