Value of Exports to El Salvador from Michigan
MISLVA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,656,670.00
Year-over-Year Change
47.80%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to El Salvador from Michigan' trend measures the total value of goods and services exported from the state of Michigan to the country of El Salvador. This data provides insight into trade flows and economic relationships 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 tracks the dollar value of all products and services shipped from Michigan businesses to customers in El Salvador. It is an important indicator of the trade and commercial ties between the state and this Central American nation.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Policymakers and economists use this metric to assess the strength of Michigan's export economy and its integration with global markets.
Key Facts
- Michigan is the 8th largest exporting state in the U.S.
- El Salvador is Michigan's 49th largest export destination.
- Exports to El Salvador account for 0.2% of Michigan's total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the state of Michigan to the country of El Salvador.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship and economic ties between Michigan and El Salvador, which is important for assessing export performance and global market integration.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the strength of Michigan's export economy and its connections to global markets.
Q: Are there update delays or limitations?
A: The data may have a 1-2 month delay in reporting, and only covers goods exports, not services.
Related Trends
Value of Exports to El Salvador from New Mexico
NMSLVA052SCEN
Balance of Payments: Current account balance (credit less debit) for El Salvador
SLVBCAGDPBP6
Bank's Non-Interest Income to Total Income for El Salvador
DDEI03SVA156NWDB
Value of Exports to El Salvador from Kentucky
KYSLVA052SCEN
Value of Exports to El Salvador from South Carolina
SCSLVA052SCEN
Bank Non-Performing Loans to Gross Loans for El Salvador
DDSI02SVA156NWDB
Citation
U.S. Federal Reserve, Value of Exports to El Salvador from Michigan (MISLVA052SCEN), retrieved from FRED.