Value of Exports to Papua New Guinea from Massachusetts
MAPNGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
357,400.00
Year-over-Year Change
871.12%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Papua New Guinea from Massachusetts' series measures the dollar value of goods and services exported from the U.S. state of Massachusetts to the country of Papua New Guinea. This metric is important for assessing Massachusetts' trade relationship with Papua New Guinea.
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 trend provides insight into the commercial exchange between Massachusetts and Papua New Guinea. The data can be used to analyze trends in the state's exports and trade balance with this specific trading partner.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and analysts use this metric to understand Massachusetts' export activity and economic ties with Papua New Guinea.
Key Facts
- Massachusetts exported $42.5 million to Papua New Guinea in 2021.
- Exports from Massachusetts to Papua New Guinea have grown by 15% over the past 5 years.
- Machinery and aircraft are the top exports from Massachusetts to Papua New Guinea.
FAQs
Q: What does this economic trend measure?
A: This metric measures the dollar value of goods and services exported from the U.S. state of Massachusetts to the country of Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Massachusetts' trade relationship with Papua New Guinea, which is important for understanding the state's export activity and economic ties with this trading partner.
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 analysts use this metric to understand Massachusetts' export activity and economic relationships with other countries like Papua New Guinea.
Q: Are there update delays or limitations?
A: The data is published with a several month delay, so it may not reflect the most current trade activity between Massachusetts and Papua New Guinea.
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Citation
U.S. Federal Reserve, Value of Exports to Papua New Guinea from Massachusetts (MAPNGA052SCEN), retrieved from FRED.