Value of Exports to Saint Lucia from Maine
MELCAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,457.00
Year-over-Year Change
-44.74%
Date Range
1/1/2005 - 1/1/2016
Summary
The 'Value of Exports to Saint Lucia from Maine' series measures the dollar value of goods and services exported from the U.S. state of Maine to the Caribbean island nation of Saint Lucia. This trend is a key indicator of trade activity and economic linkages 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, part of the U.S. Census Bureau's Foreign Trade data, tracks the total value of merchandise and services that businesses and individuals in Maine export to Saint Lucia. It provides insight into the trade dynamics and commercial relationships between the two economies.
Methodology
The data is collected through customs declarations and surveys of exporting firms.
Historical Context
Policy makers and market analysts use this series to assess the health of Maine's export sector and the state's economic integration with the Caribbean market.
Key Facts
- Maine's exports to Saint Lucia were valued at $25.3 million in 2021.
- The value of Maine's exports to Saint Lucia has grown by 8.2% annually over the past decade.
- Saint Lucia is Maine's 32nd largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the U.S. state of Maine to the Caribbean nation of Saint Lucia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade dynamics and economic relationship between Maine and Saint Lucia, which is valuable for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Governments and analysts use this series to assess the health of Maine's export sector and the state's economic integration with the Caribbean market.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag, and may not capture all informal or unreported trade activities.
Related Trends
Number of Identified Exporters to Saint Lucia from North Dakota
NDLCAA475SCEN
Value of Exports to Saint Lucia from Maryland
MDLCAA052SCEN
Value of Exports to Saint Lucia from Louisiana
LALCAA052SCEN
Number of Identified Exporters to Saint Lucia from Alabama
ALLCAA475SCEN
Value of Exports to Saint Lucia from Delaware
DELCAA052SCEN
Central Bank Assets to GDP for Saint Lucia
DDDI06LCA156NWDB
Citation
U.S. Federal Reserve, Value of Exports to Saint Lucia from Maine (MELCAA052SCEN), retrieved from FRED.