Value of Exports to Australia from Maine
MEAUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
34,512,170.00
Year-over-Year Change
22.31%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Australia from Maine' metric tracks the total value of goods and services exported from the U.S. state of Maine to Australia. This provides insight into the trade relationship between Maine and one of its key international trade partners.
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 represents the dollar value of all products and services that flow from Maine to Australia over a given time period. It is an important measure of Maine's export activities and can be used to analyze trade patterns, competitiveness, and the overall economic relationship between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Maine-based businesses and export/import records.
Historical Context
Policymakers and economists monitor this metric to assess the health of Maine's export sector and its trade ties with Australia.
Key Facts
- Maine exports to Australia totaled $123 million in 2021.
- Australia is Maine's 7th largest export destination.
- Maine's top exports to Australia include aircraft parts, machinery, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of goods and services exported from the U.S. state of Maine to Australia over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the trade relationship between Maine and one of its key international partners, which is important for understanding Maine's export economy and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Maine-based businesses and export/import records.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the health of Maine's export sector and its trade ties with Australia.
Q: Are there update delays or limitations?
A: The data is published with a several month lag, so it may not reflect the most recent trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Australia from Maine (MEAUSA052SCEN), retrieved from FRED.