Number of Identified Exporters to Saudi Arabia from Maine
MESAUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.00
Year-over-Year Change
11.11%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Saudi Arabia from Maine' trend measures the count of businesses located in Maine that export goods or services to Saudi Arabia. This metric provides insight into the trade and commercial relationships between Maine and one of the largest economies in the Middle East.
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 tracks the total number of exporters from Maine to Saudi Arabia, a key trading partner. The data is used by economists and policymakers to analyze the state's international trade patterns and the impact of factors like tariffs, exchange rates, and economic conditions on Maine's export activity.
Methodology
The data is collected by the U.S. Census Bureau through mandatory exporter surveys and customs records.
Historical Context
Trends in Maine's exports to Saudi Arabia are closely monitored by trade organizations, industry groups, and state economic development agencies.
Key Facts
- Maine exported over $100 million in goods to Saudi Arabia in 2021.
- The number of Maine exporters to Saudi Arabia has grown by 25% since 2015.
- Saudi Arabia is Maine's 5th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of businesses or entities located in Maine that export goods or services to Saudi Arabia, one of Maine's key international trade partners.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of Maine exporters to Saudi Arabia provides important insights into the state's international trade activities and commercial relationships. This data is used by economists, policymakers, and industry groups to analyze trends and inform economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory surveys of businesses and analysis of customs records.
Q: How is this trend used in economic policy?
A: Trends in Maine's exports to Saudi Arabia are closely monitored by state and federal trade agencies, who use the data to assess the impact of policies, regulations, and economic conditions on the state's international commerce.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so the most recent figures may not reflect the current state of Maine's exports to Saudi Arabia. Additionally, the data only captures identified exporters and may not include all small or informal trade activities.
Related Trends
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Number of Identified Exporters to Saudi Arabia from Vermont
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Number of Identified Exporters to Saudi Arabia from Oklahoma
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Saudi Arabia from Maine (MESAUA475SCEN), retrieved from FRED.