Value of Exports to Bermuda from Michigan
MIBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,795,885.00
Year-over-Year Change
-18.34%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Bermuda from Michigan' series measures the dollar value of goods and services exported from the U.S. state of Michigan to Bermuda. This metric is important for economists and policymakers to assess Michigan's trade relationships and economic connections with foreign markets.
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 tracks the total value of Michigan's exports to Bermuda, including physical goods as well as services. It provides insight into the scale and trends of economic activity between the two regions, which can inform trade policy, investment decisions, and economic development strategies.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of Michigan-based businesses.
Historical Context
Policymakers and market analysts use this series to monitor Michigan's trade flows and competitiveness in the global economy.
Key Facts
- Michigan's exports to Bermuda totaled $XX.XX billion in the latest year.
- Bermuda ranks Xth among Michigan's top export destinations.
- Michigan's exports to Bermuda have grown/declined by X% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of goods and services exported from the U.S. state of Michigan to the island nation of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the scale and direction of Michigan's trade relationships with foreign markets, which is important for informing economic policies, investment decisions, and trade strategies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of Michigan-based businesses engaged in exporting activities.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this series to monitor Michigan's trade flows and competitiveness in the global economy, which can inform decisions around trade agreements, tariffs, and economic development initiatives.
Q: Are there update delays or limitations?
A: There may be a several month delay in the reporting of this data due to the time required for the Census Bureau to collect and process the underlying survey information.
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NHBMUA052SCEN
Internet users for Bermuda
ITNETUSERP2BMU
U.S. Imports of Goods by Customs Basis from Bermuda
IMP2320
Number of Identified Exporters to Bermuda from Maryland
MDBMUA475SCEN
Remittance Inflows to GDP for Bermuda
DDOI11BMA156NWDB
5-Bank Asset Concentration for Bermuda
DDOI06BMA156NWDB
Citation
U.S. Federal Reserve, Value of Exports to Bermuda from Michigan (MIBMUA052SCEN), retrieved from FRED.