Value of Exports to Italy from Maine
MEITAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57,645,766.00
Year-over-Year Change
80.66%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Italy from Maine' metric tracks the total dollar value of goods exported from the U.S. state of Maine to Italy over time. This economic indicator provides insight into trade flows and commercial activity between the two regions.
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 measures the monetary value of merchandise exports originating from the state of Maine and destined for Italy. It is an important gauge of Maine's economic integration with the Italian market and can signal shifts in trade patterns, industrial production, and regional commercial relationships.
Methodology
The data is collected by the U.S. Census Bureau through customs declarations and shipping manifests.
Historical Context
Economists and policymakers monitor this trend to assess Maine's export performance and the state's trade dynamics with a key European trading partner.
Key Facts
- Maine exported over $200 million in goods to Italy in 2021.
- Italy is Maine's 6th largest export destination globally.
- The value of Maine's exports to Italy has grown by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total monetary value of merchandise exports originating from the U.S. state of Maine and destined for Italy.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Maine's export performance to Italy provides insight into the state's trade dynamics and economic integration with a key European market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs declarations and shipping manifests.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this trend to assess Maine's export competitiveness and the state's trade relationships with major international markets.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Value of Exports to Italy from Maine (MEITAA052SCEN), retrieved from FRED.