Number of Identified Exporters to Philippines from Michigan
MIPHLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
241.00
Year-over-Year Change
74.64%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Philippines from Michigan' series tracks the count of businesses located in Michigan that export goods to the Philippines. This metric provides insight into trade dynamics and economic connections 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
This series represents the total number of companies based in Michigan that are identified as exporting products or services to the Philippines. It offers a gauge of the trade relationship and commercial activity between the state of Michigan and the Philippines.
Methodology
The data is collected by the U.S. Census Bureau through surveys of U.S. businesses.
Historical Context
This trend is used by economists and policymakers to analyze patterns in international trade and assess the strength of economic ties between regions.
Key Facts
- Michigan exported over $275 million in goods to the Philippines in 2021.
- The number of identified Michigan exporters to the Philippines has grown by 12% since 2015.
- Top Michigan exports to the Philippines include machinery, transportation equipment, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of businesses located in the U.S. state of Michigan that are identified as exporting goods or services to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and commercial activity between Michigan and the Philippines, which is useful for economists, policymakers, and businesses analyzing regional economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of U.S. businesses.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this data to assess the strength of economic ties between Michigan and the Philippines, and to inform decisions around international trade and investment policies.
Q: Are there update delays or limitations?
A: The data is published with a several-month lag, so it may not reflect the most current trade activity. Additionally, the survey methodology may not capture all exporting businesses in Michigan.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Philippines from Michigan (MIPHLA475SCEN), retrieved from FRED.