Value of Exports to Mayotte from Michigan
MIMYTA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
751,717.00
Year-over-Year Change
4068.33%
Date Range
1/1/2010 - 1/1/2015
Summary
The 'Value of Exports to Mayotte from Michigan' metric tracks the total dollar value of goods and services exported from the U.S. state of Michigan to the African island nation of Mayotte. This data is crucial for understanding Michigan's international trade patterns and economic ties.
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 represents the monetary value of all products and services that originate in Michigan and are sold to consumers, businesses, or governments in Mayotte. It is an important indicator of Michigan's export performance and economic integration with foreign markets.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and trade analysts use this metric to assess Michigan's export competitiveness and the health of its trade relationships.
Key Facts
- Michigan is a major exporting state, accounting for over $60 billion in total exports annually.
- Mayotte is a small island nation in the Mozambique Channel, with a population of around 300,000.
- Exports to Mayotte make up a tiny fraction of Michigan's total international trade volume.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total monetary value of goods and services exported from the U.S. state of Michigan to the country of Mayotte.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Michigan's export performance and economic ties with foreign markets, which is valuable information for policymakers, businesses, and economic researchers.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess Michigan's export competitiveness and the health of its trade relationships, which can inform decisions around economic development and international trade policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, so there may be a delay of several months before the most recent figures are available.
Related Trends
Value of Exports to Mayotte from Arizona
AZMYTA052SCEN
Value of Exports to Mayotte from California
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Value of Exports to Mayotte from Minnesota
MNMYTA052SCEN
Number of Identified Exporters to Mayotte from Georgia
GAMYTA475SCEN
Number of Identified Exporters to Mayotte from Massachusetts
MAMYTA475SCEN
Value of Exports to Mayotte from Illinois
ILMYTA052SCEN
Citation
U.S. Federal Reserve, Value of Exports to Mayotte from Michigan (MIMYTA052SCEN), retrieved from FRED.