Number of Identified Exporters to Nigeria from Maryland
MDNGAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
555.00
Year-over-Year Change
409.17%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Nigeria from Maryland' tracks the count of Maryland-based companies that export goods to Nigeria. This metric provides insights into trade relationships and economic activity 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, published by the U.S. Census Bureau, measures the number of unique Maryland-based businesses that have exported products to Nigeria in a given time period. It serves as an indicator of trade flows and commercial connections between the state and the West African nation.
Methodology
The data is collected through mandatory exporter identification and reporting requirements.
Historical Context
Policymakers and market analysts use this information to monitor the health of Maryland's export economy and commercial ties with key international markets.
Key Facts
- Maryland exported over $93 million in goods to Nigeria in 2021.
- The number of identified Maryland exporters to Nigeria has grown by 25% since 2015.
- Nigeria is Maryland's 9th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of unique Maryland-based businesses that have exported products to Nigeria in a given time period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into trade relationships and economic activity between Maryland and Nigeria, which is a key international market for the state's exporters.
Q: How is this data collected or calculated?
A: The data is collected through mandatory exporter identification and reporting requirements.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this information to monitor the health of Maryland's export economy and commercial ties with key international markets like Nigeria.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and coverage of the Census Bureau's exporter identification program.
Related Trends
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Gross Portfolio Equity Liabilities to GDP for Nigeria
DDDM08NGA156NWDB
Loans from Non-Resident Banks, Amounts Outstanding, to GDP for Nigeria
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Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Nigeria
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Percentage of Foreign Bank Assets Among Total Bank Assets for Nigeria
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Value of Exports to Nigeria from Vermont
VTNGAA052SCEN
Citation
U.S. Census Bureau, Number of Identified Exporters to Nigeria from Maryland (MDNGAA475SCEN), retrieved from FRED.