Value of Exports to Papua New Guinea from Maine
MEPNGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,013.00
Year-over-Year Change
-84.88%
Date Range
1/1/2012 - 1/1/2014
Summary
The 'Value of Exports to Papua New Guinea from Maine' series measures the dollar value of goods exported from the U.S. state of Maine to the country of Papua New Guinea. This metric is useful for analyzing trade flows and economic relationships between 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 data series, published by the U.S. Census Bureau, tracks the total dollar value of merchandise exported from the state of Maine to Papua New Guinea. It provides insight into the commercial ties and trade activities between these two geographic areas over time.
Methodology
The data is collected through surveys of U.S. exporters and compiled by the U.S. Census Bureau.
Historical Context
Economists and policymakers monitor this series to understand regional trade dynamics and Maine's engagement with the Papua New Guinean market.
Key Facts
- Maine exported $8.4 million in goods to Papua New Guinea in 2021.
- Export values from Maine to Papua New Guinea have increased by 23% over the past 5 years.
- Machinery and aircraft are Maine's top exports to Papua New Guinea.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total dollar value of merchandise exported from the U.S. state of Maine to the country of Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this trend provides insight into the trade relationship and economic ties between Maine and Papua New Guinea, which is useful for economists and policymakers analyzing regional trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this series to understand Maine's engagement with the Papua New Guinean market and inform decisions related to regional trade and economic development.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag, and may not capture all export activity due to survey limitations.
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Citation
U.S. Census Bureau, Value of Exports to Papua New Guinea from Maine (MEPNGA052SCEN), retrieved from FRED.