Value of Exports to Latvia from Maryland
MDLVAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
506,723.00
Year-over-Year Change
61.97%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Latvia from Maryland' series measures the total value of goods and services exported from the U.S. state of Maryland to the country of Latvia. This metric is important for understanding Maryland's trade dynamics and economic integration with global 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 series tracks the dollar value of all products and services shipped from Maryland businesses and producers to customers and end-users in Latvia. It provides insight into the scale and composition of Maryland's export activities, a key component of the state's economic performance.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Maryland-based exporters.
Historical Context
Policymakers and analysts use this series to assess Maryland's export competitiveness and the state's participation in international trade.
Key Facts
- Maryland exported over $20 million worth of goods to Latvia in 2021.
- Machinery and transportation equipment are major export categories from Maryland to Latvia.
- Latvia is one of Maryland's smaller European trade partners, accounting for less than 1% of the state's total exports.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the U.S. state of Maryland to the country of Latvia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Maryland's trade dynamics and economic integration with global markets, which is important for understanding the state's economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Maryland-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess Maryland's export competitiveness and the state's participation in international trade.
Q: Are there update delays or limitations?
A: The data is subject to update lags and may not capture all export activity from Maryland to Latvia.
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Citation
U.S. Federal Reserve, Value of Exports to Latvia from Maryland (MDLVAA052SCEN), retrieved from FRED.