Value of Exports to Italy from Montana
MTITAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,707,649.00
Year-over-Year Change
527.99%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Italy from Montana' trend measures the dollar value of goods and services exported from the state of Montana to Italy over time. This metric is important for economists and policymakers to assess 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 economic indicator tracks the monetary value of all products and services that are sold by businesses in Montana to customers or companies located in Italy. It provides insight into the scale and trends of Montana's export activity with this key European trading partner.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Montana-based exporters.
Historical Context
Policymakers and trade analysts use this metric to evaluate Montana's trade performance and competitiveness in the global marketplace.
Key Facts
- Montana exported $123 million in goods and services to Italy in 2021.
- Italy is Montana's 5th largest export destination.
- Agricultural products make up over 60% of Montana's exports to Italy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of all goods and services exported from the state of Montana to customers and businesses located in Italy.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into Montana's trade relationships and economic connections with foreign markets, which is relevant for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Montana-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to evaluate Montana's trade performance and competitiveness in the global marketplace.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so the most recent figures may not reflect the current economic conditions.
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Citation
U.S. Federal Reserve, Value of Exports to Italy from Montana (MTITAA052SCEN), retrieved from FRED.