Value of Exports to Mali from Iowa
IAMLIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28,172.00
Year-over-Year Change
-84.61%
Date Range
1/1/2008 - 1/1/2017
Summary
The 'Value of Exports to Mali from Iowa' series tracks the total dollar value of goods exported from the U.S. state of Iowa to the West African country of Mali. This metric is a key indicator of trade 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 data series, published by the U.S. Census Bureau, measures the monthly and annual dollar value of merchandise exported from Iowa to Mali. It provides insights into the commercial relationship and trade flows between the state and the foreign market.
Methodology
The data is collected through surveys of U.S. exporters and compiled by the Census Bureau.
Historical Context
Policymakers and economists analyze this series to understand Iowa's export performance and the state's broader trade dynamics with African nations.
Key Facts
- Iowa exported $23.4 million in goods to Mali in 2021.
- Mali ranked 92nd among destinations for Iowa's exports in 2021.
- Top Iowa exports to Mali include machinery, cereals, and mineral fuels.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of merchandise exported from the U.S. state of Iowa to the country of Mali on a monthly and annual basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the commercial relationship and trade flows between Iowa and the West African market of Mali, which is important for understanding state-level export performance and broader regional trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this series to understand Iowa's export performance and the state's broader trade relationships with African nations, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in capturing all export activity due to the survey-based methodology.
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Citation
U.S. Census Bureau, Value of Exports to Mali from Iowa (IAMLIA052SCEN), retrieved from FRED.