Number of Identified Exporters to Dominican Republic from Michigan
MIDOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
186.00
Year-over-Year Change
93.75%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to the Dominican Republic from the U.S. state of Michigan. It provides insights into Michigan's export activity and trade relationships.
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
The Number of Identified Exporters to Dominican Republic from Michigan metric tracks the count of unique businesses located in Michigan that export goods to the Dominican Republic. This data offers visibility into the scale and dynamics of Michigan's exporting activity to this key Caribbean trade partner.
Methodology
The data is collected by the U.S. Census Bureau through its Exporter Location Series.
Historical Context
This trend is useful for policymakers, economists, and businesses to understand Michigan's export market diversification and competitiveness.
Key Facts
- Michigan was the 10th largest exporting state in the U.S. in 2021.
- The Dominican Republic was Michigan's 44th largest export destination in 2021.
- Manufacturing accounts for over 90% of Michigan's total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in the U.S. state of Michigan that export goods to the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and dynamics of Michigan's exporting activity to a key Caribbean trade partner, which is useful for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its Exporter Location Series.
Q: How is this trend used in economic policy?
A: This trend can inform policymakers and analysts about Michigan's export market diversification and competitiveness, which is relevant for trade and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological changes of the U.S. Census Bureau's Exporter Location Series.
Related Trends
Liquid Liabilities to GDP for Dominican Republic
DDDI05DOA156NWDB
Loans from Non-Resident Banks, Net, to GDP for Dominican Republic
DDOI08DOA156NWDB
Number of Identified Exporters to Dominican Republic from New Mexico
NMDOMA475SCEN
Use of Financial Services: Key Indicators, Borrowers from Commercial Banks Per 1000 Adults for Dominican Republic
DOMFCRODCANUM
Gross Domestic Product for Dominican Republic
MKTGDPDOA646NWDB
Geographical Outreach: Key Indicators ATMs Per 100,000 Adults for Dominican Republic
DOMFCAANUM
Citation
U.S. Federal Reserve, Number of Identified Exporters to Dominican Republic from Michigan (MIDOMA475SCEN), retrieved from FRED.