Value of Exports to Liberia from Michigan
MILBRA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
985,454.00
Year-over-Year Change
5.35%
Date Range
1/1/2002 - 1/1/2017
Summary
This economic trend tracks the value of exports from the U.S. state of Michigan to the West African country of Liberia. It provides insight into trade flows and economic ties between the two regions.
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 'Value of Exports to Liberia from Michigan' metric represents the dollar value of physical goods shipped from Michigan to Liberia during a given time period. This data point is used by trade analysts and policymakers to monitor changing commercial relationships and identify economic opportunities.
Methodology
The U.S. Census Bureau collects this data through its reporting of international trade flows.
Historical Context
Trends in Michigan's exports to Liberia can signal shifts in regional economic activity and trade policy priorities.
Key Facts
- Michigan is a major U.S. exporting state.
- Liberia is an important trade partner for the U.S. in West Africa.
- Export values can fluctuate due to commodity prices and exchange rates.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the dollar value of physical goods exported from the U.S. state of Michigan to the country of Liberia.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Michigan's exports to Liberia provides insight into the evolving trade relationship between the two regions, which is of interest to trade analysts and policymakers.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau compiles this data through its reporting of international trade flows.
Q: How is this trend used in economic policy?
A: Trends in Michigan's exports to Liberia can signal shifts in regional economic activity and help inform trade policy priorities between the U.S. and West Africa.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the figures can be influenced by commodity price fluctuations and exchange rate changes.
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Citation
U.S. Federal Reserve, Value of Exports to Liberia from Michigan (MILBRA052SCEN), retrieved from FRED.