Value of Exports to Nigeria from Maine
MENGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
676,471.00
Year-over-Year Change
393.06%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Nigeria from Maine' series measures the total value of goods exported from the U.S. state of Maine to Nigeria. This metric provides insight into Maine's international trade and economic relationships.
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 series tracks the dollar value of physical merchandise exports from Maine to Nigeria. It is useful for analyzing Maine's export performance and trade patterns with African markets.
Methodology
The data is collected by the U.S. Census Bureau through customs declarations and other administrative sources.
Historical Context
This export value data informs policymakers and businesses about Maine's trade competitiveness and integration with the Nigerian economy.
Key Facts
- Maine's exports to Nigeria totaled $X in the latest period.
- Nigeria ranks Xth among Maine's top export destinations.
- The value of Maine's exports to Nigeria has [increased/decreased] by X% over the past year.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of physical merchandise exports from the U.S. state of Maine to the country of Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insights into Maine's international trade relationships and can inform economic policy, business strategy, and market analysis.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs declarations and other administrative sources.
Q: How is this trend used in economic policy?
A: This export value data informs policymakers and businesses about Maine's trade competitiveness and integration with the Nigerian economy.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this export data due to the time required for customs processing and data compilation.
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from Maine (MENGAA052SCEN), retrieved from FRED.