Value of Exports to Islamic Republic of Iran from Michigan
MIIRNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
395,491.00
Year-over-Year Change
-82.95%
Date Range
1/1/1992 - 1/1/2011
Summary
The 'Value of Exports to Islamic Republic of Iran from Michigan' series tracks the dollar value of goods and services exported from the U.S. state of Michigan to Iran. This metric is important for economists and policymakers to assess trade relationships and regional economic performance.
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 measures the total value of exports originating from the state of Michigan and destined for the Islamic Republic of Iran. It provides insight into the commercial ties and trade flows between Michigan and Iran, which can be relevant for understanding state-level economic activity and the impacts of trade policies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export value trend is used by economists, trade analysts, and government agencies to monitor economic relationships and the potential effects of sanctions or trade agreements.
Key Facts
- Michigan is a major exporting state in the U.S.
- Exports to Iran have fluctuated over time due to economic and political factors.
- The value of exports can indicate the strength of economic ties between regions.
FAQs
Q: What does this economic trend measure?
A: This series tracks the dollar value of goods and services exported from the U.S. state of Michigan to the Islamic Republic of Iran.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial relationship and trade flows between Michigan and Iran, which can be important for understanding regional economic activity and the impacts of trade policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: This export value trend is used by economists, trade analysts, and government agencies to monitor economic relationships and the potential effects of sanctions or trade agreements.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and can have update lags due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to Islamic Republic of Iran from Michigan (MIIRNA052SCEN), retrieved from FRED.