Value of Exports to Italy from Maryland
MDITAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
69,719,159.00
Year-over-Year Change
-52.56%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Italy from Maryland' tracks the dollar value of goods and services exported from Maryland to Italy. This economic indicator provides insight into trade flows and the strength of Maryland's international commercial relationships.
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 value of exports originating from the state of Maryland destined for Italy. It captures both goods and services traded between the two economies, offering a window into the commercial and economic ties between Maryland and its Italian trade partners.
Methodology
The data is collected and compiled by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and businesses use this metric to assess Maryland's export performance and the state's overall economic relationships with international markets.
Key Facts
- Maryland exported over $400 million in goods and services to Italy in 2021.
- Italy is Maryland's 7th largest export destination globally.
- The top Maryland exports to Italy include aerospace products, machinery, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total dollar value of exports from the state of Maryland to Italy, including both goods and services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Maryland's trade relationships and economic ties with the Italian market, which is important for understanding the state's export performance and overall economic health.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to assess Maryland's export performance and the state's overall economic relationships with international markets like Italy.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the information is collected through surveys and customs records. The data may not capture all informal or small-scale trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Italy from Maryland (MDITAA052SCEN), retrieved from FRED.