Value of Exports to Ecuador from Michigan
MIECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,831,380.00
Year-over-Year Change
121.79%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ecuador from Michigan' series measures the total value of goods and services exported from the U.S. state of Michigan to Ecuador. This metric is crucial for understanding Michigan's trade relationship and economic ties with Ecuador.
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 economic series provides insights into the scale and composition of Michigan's exports to Ecuador, a key trading partner. The data can inform policymakers, businesses, and analysts about trends in this cross-border economic activity.
Methodology
The U.S. Census Bureau collects this data through surveys of exporting companies.
Historical Context
Monitoring state-level export trends is important for evaluating the economic impacts of trade policies and market conditions.
Key Facts
- Michigan exported over $100 million in goods to Ecuador in 2021.
- Ecuador is Michigan's 49th largest export destination globally.
- Automotive parts and machinery are major Michigan exports to Ecuador.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the U.S. state of Michigan to Ecuador.
Q: Why is this trend relevant for users or analysts?
A: Monitoring state-level export data provides insights into regional economic ties and trade relationships that are crucial for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Tracking state-level export trends is important for evaluating the economic impacts of trade policies and market conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Value of Exports to Ecuador from Michigan (MIECUA052SCEN), retrieved from FRED.