Number of Identified Exporters to Turkey from Maine
METURA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.00
Year-over-Year Change
13.04%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Turkey from Maine' measures the count of businesses in Maine that export goods to Turkey. This provides insight into economic activity and trade relationships between Maine and Turkey.
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 trend represents the total number of unique Maine-based companies that have reported exporting products or services to Turkey in a given period. It is used by economists and policymakers to analyze trade flows, supply chain dynamics, and the export competitiveness of Maine businesses.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys and customs records.
Historical Context
This metric is relevant for assessing the strength of commercial ties between Maine and Turkey, as well as the ability of local firms to access foreign markets.
Key Facts
- Maine exported $54 million worth of goods to Turkey in 2021.
- The number of identified Maine exporters to Turkey has increased by 12% since 2015.
- Turkey is Maine's 8th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total number of unique businesses located in Maine that have reported exporting products or services to Turkey.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the strength of trade relationships between Maine and Turkey, as well as the export competitiveness of Maine-based companies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health of Maine's export sector and identify opportunities to support local businesses in accessing foreign markets.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of a reporting period and the release of the data.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Turkey from Maine (METURA475SCEN), retrieved from FRED.