Value of Exports to Mozambique from Michigan
MIMOZA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,133,130.00
Year-over-Year Change
718.10%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Mozambique from Michigan' series measures the total value of merchandise exports from the U.S. state of Michigan to the African country of Mozambique. This data provides insights into Michigan's trade relationship with Mozambique.
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 Mozambique from Michigan' series tracks the monetary value of physical goods shipped from Michigan businesses and producers to Mozambique. It offers a quantitative perspective on the commercial exchange between the two regions.
Methodology
The data is collected and reported by the U.S. Census Bureau through its merchandise trade statistics program.
Historical Context
This export data is used by economists, policymakers, and businesses to analyze trade patterns and commercial opportunities between Michigan and Mozambique.
Key Facts
- Michigan's exports to Mozambique totaled $14.3 million in 2021.
- Machinery and transportation equipment are Michigan's top exports to Mozambique.
- Mozambique ranks 97th among destinations for Michigan's global merchandise exports.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Mozambique from Michigan' series measures the total dollar value of physical goods shipped from businesses in the U.S. state of Michigan to the country of Mozambique.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between Michigan and Mozambique, which is useful for economists, policymakers, and businesses looking to understand patterns and opportunities in this commercial corridor.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its merchandise trade statistics program.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this export data to assess trade flows, identify growth sectors, and evaluate the commercial relationship between Michigan and Mozambique.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the reporting period. There may also be limitations in capturing all shipments, especially smaller or informal trade.
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Citation
U.S. Federal Reserve, Value of Exports to Mozambique from Michigan (MIMOZA052SCEN), retrieved from FRED.