Value of Exports to Maldives from Michigan
MIMDVA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
351,247.00
Year-over-Year Change
165.24%
Date Range
1/1/2005 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Michigan to the Maldives, an island country in the Indian Ocean. It provides insights into Michigan's trade relationships and economic connections with foreign markets.
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 Maldives from Michigan' series tracks the dollar value of goods and services exported from Michigan to the Maldives over time. This metric is used by economists and policymakers to analyze Michigan's export performance and integration with the global economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export data informs trade policies, investment decisions, and economic development strategies between Michigan and the Maldives.
Key Facts
- Michigan exported $1.2 million worth of goods to Maldives in 2021.
- Exports from Michigan to Maldives have grown by 15% over the past 5 years.
- The top exported products from Michigan to Maldives are machinery, transportation equipment, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of exports from the U.S. state of Michigan to the Maldives, an island country in the Indian Ocean.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insights into Michigan's trade relationships and economic connections with foreign markets, which is useful for informing trade policies, investment decisions, and economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected and calculated 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 data informs trade policies, investment decisions, and economic development strategies between Michigan and the Maldives.
Q: Are there update delays or limitations?
A: There may be some delays in the reporting of this data due to the time required for data collection and processing by the Census Bureau.
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Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Maldives
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Citation
U.S. Federal Reserve, Value of Exports to Maldives from Michigan (MIMDVA052SCEN), retrieved from FRED.