Value of Exports to Philippines from Maine
MEPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,654,095.00
Year-over-Year Change
1256.57%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Maine' trend measures the dollar value of goods and services exported from the U.S. state of Maine to the Philippines. This provides insight into the trade relationship between the two economies.
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 total value of exports from Maine to the Philippines over time. It is an important indicator of the commercial ties and trade flows between these regions, and can inform policy decisions and business strategies.
Methodology
The data is collected through surveys of exporting businesses and compiled by the U.S. Census Bureau.
Historical Context
Policy makers and international trade analysts use this data to assess the strength of economic linkages between the U.S. and the Philippines.
Key Facts
- Maine's exports to the Philippines were valued at $52.4 million in 2021.
- The top exported products from Maine to the Philippines are computer equipment and agricultural goods.
- Trade between Maine and the Philippines has grown by 7% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Philippines from Maine' trend measures the total dollar value of goods and services exported from the U.S. state of Maine to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the trade relationship between Maine and the Philippines, which is useful for policymakers, businesses, and economists analyzing commercial ties between the two regions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of exporting businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Governments and trade organizations use this data to assess the strength of economic linkages between the U.S. and the Philippines, which can inform trade agreements, investment decisions, and economic development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag. It may not capture all small-scale or informal trade activities between Maine and the Philippines.
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Nonfinancial Corporate Bonds to Total Bonds and Notes Outstanding for Philippines
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Maine (MEPHLA052SCEN), retrieved from FRED.