Value of Exports to Iraq from Maine
MEIRQA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
406,519.00
Year-over-Year Change
9.31%
Date Range
1/1/2005 - 1/1/2017
Summary
The 'Value of Exports to Iraq from Maine' trend measures the dollar value of goods and services exported from the state of Maine to Iraq. This metric is important for understanding Maine's international trade dynamics and the state'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 series tracks the total value of exports originating from Maine businesses and shipped to customers in Iraq. It provides insight into the trade relationship between Maine and Iraq, including the types of products and services being exchanged. Economists and policymakers use this data to analyze Maine's export performance and assess the state's integration with international markets.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Maine exporters.
Historical Context
Monitoring state-level export trends can inform economic development strategies and guide trade policy decisions.
Key Facts
- Maine's exports to Iraq totaled $15.2 million in 2021.
- Top exported products from Maine to Iraq include machinery, aircraft parts, and agricultural goods.
- Iraq was Maine's 47th largest export destination in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Iraq from Maine' trend measures the total dollar value of goods and services exported from the state of Maine to customers in Iraq.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Maine's trade relationship with Iraq, which is important for understanding the state's integration with global markets and informing economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Maine-based exporters.
Q: How is this trend used in economic policy?
A: Monitoring state-level export trends like this one can help policymakers and economists assess trade patterns and guide decisions around economic development and trade policy.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay by the U.S. Census Bureau. The metrics may be subject to revisions as additional exporter information is collected.
Related Trends
Number of Identified Exporters to Iraq from Louisiana
LAIRQA475SCEN
Value of Exports to Iraq from Connecticut
CTIRQA052SCEN
People 15 Years and Over with Account at a Formal Financial Institution for Iraq
DDAI05IQA156NWDB
Number of Identified Exporters to Iraq from Minnesota
MNIRQA475SCEN
Number of Identified Exporters to Iraq from Washington
WAIRQA475SCEN
Internet users for Iraq
ITNETUSERP2IRQ
Citation
U.S. Federal Reserve, Value of Exports to Iraq from Maine (MEIRQA052SCEN), retrieved from FRED.