Number of Identified Exporters to India from Michigan
MIINDA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
945.00
Year-over-Year Change
80.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to India from Michigan' trend measures the count of businesses based in Michigan that export goods to India. This data provides insights into the trade dynamics between the state and a major international market.
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 number of unique exporting firms located in Michigan that sell products or services to customers in India. The data reflects the scope of Michigan's exporter base and its commercial ties with the Indian economy.
Methodology
The data is collected through surveys of Michigan businesses and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to monitor Michigan's export activity and competitiveness in the Indian market.
Key Facts
- Michigan exported over $1 billion in goods to India in 2021.
- The number of Michigan exporters to India has grown by 25% since 2015.
- India is Michigan's 6th largest export destination worldwide.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of businesses based in Michigan that export goods or services to customers in India.
Q: Why is this trend relevant for users or analysts?
A: The data provides insights into the scale and competitiveness of Michigan's exporter base in a major international market.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of Michigan-based businesses.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to monitor Michigan's export performance and competitiveness in the Indian economy.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months and may not capture all exporting firms in Michigan.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to India from Michigan (MIINDA475SCEN), retrieved from FRED.