Number of Identified Exporters to Nigeria from Maine
MENGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.00
Year-over-Year Change
550.00%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to Nigeria from the U.S. state of Maine. It provides insights into trade patterns and the level of economic engagement between Maine and the Nigerian 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
The Number of Identified Exporters to Nigeria from Maine is a key indicator of the commercial ties and trade flows between the state of Maine and Nigeria. It can help economists and policymakers understand the scope of export activity and the level of market integration.
Methodology
The data is collected through surveys and other sources by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding state-level export dynamics and informing trade policy decisions.
Key Facts
- Maine exported goods worth $31.2 million to Nigeria in 2021.
- The number of identified exporters from Maine to Nigeria has increased by 15% over the past 5 years.
- Nigeria is Maine's 4th largest export market in Africa.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of identified exporters from the U.S. state of Maine that export goods to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the level of trade and economic engagement between Maine and the Nigerian market, which is useful for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys and other sources by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend can inform trade policy decisions and help analysts understand state-level export dynamics and market integration.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nigeria from Maine (MENGAA475SCEN), retrieved from FRED.