Value of Exports to Ecuador from Montana
MTECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,713,650.00
Year-over-Year Change
2651.88%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Value of Exports to Ecuador from Montana' series measures the value of goods exported from the U.S. state of Montana to Ecuador. This metric is important for economists and policymakers to understand Montana's trade relationships and economic connections with foreign markets.
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 data series tracks the total dollar value of merchandise and commodities shipped from Montana to Ecuador. It provides insight into the commercial activity and economic interdependence between the two regions. Analysts can use this information to assess trade patterns, identify growth opportunities, and inform policy decisions.
Methodology
The U.S. Census Bureau collects this data through surveys of exporting businesses.
Historical Context
Policymakers and businesses monitor trends in state-level exports to guide trade, investment, and economic development strategies.
Key Facts
- Montana's exports to Ecuador totaled $24.3 million in 2021.
- Machinery and agricultural products are Montana's top exports to Ecuador.
- Ecuador is Montana's 29th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This series tracks the value of merchandise and commodities exported from the U.S. state of Montana to Ecuador.
Q: Why is this trend relevant for users or analysts?
A: Monitoring state-level export data provides insights into regional trade relationships and economic interdependence, which informs policy and business decisions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this information to guide trade, investment, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Value of Exports to Ecuador from Montana (MTECUA052SCEN), retrieved from FRED.