Value of Exports to India from Michigan
MIINDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
472,945,075.00
Year-over-Year Change
423.57%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to India from Michigan' measures the dollar value of goods and services exported from the state of Michigan to India. This metric is important for analyzing trade patterns and economic relationships between regional economies.
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 value of merchandise exported from Michigan to India over time. It is a key indicator of the trade and commercial ties between these economies, and can provide insights into the competitiveness of Michigan-based businesses in the Indian market.
Methodology
The data is compiled by the U.S. Census Bureau based on customs records and surveys of exporters.
Historical Context
Policymakers and economists use this data to assess the health of Michigan's export sector and the state's economic integration with global markets.
Key Facts
- Michigan exported over $1 billion worth of goods to India in 2021.
- Automotive parts and machinery make up a significant share of Michigan's exports to India.
- Exports to India account for around 2% of Michigan's total international trade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of Michigan to India over time.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade and commercial relationship between Michigan and India, which is important for understanding regional economic dynamics and competitiveness.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau based on customs records and surveys of exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the health of Michigan's export sector and the state's economic integration with global markets.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the series only covers merchandise exports and does not include services trade.
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Amount Outstanding Due within One Year of International Debt Securities for All Issuers, Residence of Issuer in India
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Total Credit to Households and Non-Profit Institutions Serving Households, Unadjusted for Breaks, for India
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Citation
U.S. Federal Reserve, Value of Exports to India from Michigan (MIINDA052SCEN), retrieved from FRED.