Value of Exports to Senegal from Michigan
MISENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,866,978.00
Year-over-Year Change
880.17%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Senegal from Michigan' series measures the total value of goods and services exported from the U.S. state of Michigan to the West African nation of Senegal. This data provides insight into the trade relationship between these two economies.
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 economic indicator tracks the dollar value of Michigan's exports to Senegal, which is useful for analyzing the state's trade flows and competitiveness in international markets. The data can inform policy decisions related to export promotion, trade agreements, and regional economic development.
Methodology
The data is collected and reported by the U.S. Census Bureau through its State Export Series.
Historical Context
Economists and policymakers use this metric to assess Michigan's export performance and integration with the Senegalese market.
Key Facts
- Michigan's exports to Senegal totaled $12.4 million in 2021.
- Machinery and transportation equipment are Michigan's top exports to Senegal.
- Senegal is Michigan's 93rd largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of goods and services exported from the U.S. state of Michigan to Senegal.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship between Michigan and Senegal, which can inform policy decisions related to export promotion and regional economic development.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its State Export Series.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess Michigan's export performance and integration with the Senegalese market.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in Michigan's exports to Senegal.
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Citation
U.S. Federal Reserve, Value of Exports to Senegal from Michigan (MISENA052SCEN), retrieved from FRED.