Value of Exports to Morocco from Michigan
MIMARA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,295,056.00
Year-over-Year Change
391.93%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Morocco from Michigan' tracks the total value of goods and services exported from the U.S. state of Michigan to the country of Morocco. This economic metric is useful for analyzing trade patterns and the strength of commercial relationships between 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
This data series measures the dollar value of all products and services exported from the state of Michigan to Morocco. It provides insight into the trade dynamics and economic interdependence between these two geographic areas.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Michigan-based exporters.
Historical Context
Policymakers and economists use this metric to assess the health of bilateral trade and identify opportunities for expansion.
Key Facts
- Michigan exported over $150 million in goods to Morocco in 2021.
- Morocco is Michigan's 45th largest export destination globally.
- Top Michigan exports to Morocco include machinery, transportation equipment, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total dollar value of all products and services exported from the U.S. state of Michigan to the country of Morocco.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade dynamics and economic relationship between Michigan and Morocco, which is useful for policymakers, businesses, and economists analyzing regional trade patterns.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Michigan-based companies that export goods and services.
Q: How is this trend used in economic policy?
A: Governments and analysts use this data to assess the health of bilateral trade, identify opportunities for expanded commercial relationships, and inform economic development strategies.
Q: Are there update delays or limitations?
A: There is typically a 2-3 month delay in publishing this data due to the time required for data collection and compilation.
Related Trends
Remittance Inflows to GDP for Morocco
DDOI11MAA156NWDB
Net migration for Morocco
SMPOPNETMMAR
Financial System Deposits to GDP for Morocco
DDDI08MAA156NWDB
Gross International Reserves Held by Central Bank for Morocco
MARFAFARUSD
Value of Exports to Morocco from Georgia
GAMARA052SCEN
Central Government Net Lending/borrowing (central Govt Fiscal Balance) for Morocco
MARGCXCNLGDPGDPPT
Citation
U.S. Federal Reserve, Value of Exports to Morocco from Michigan (MIMARA052SCEN), retrieved from FRED.