Value of Exports to Ireland from Maryland
MDIRLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,391,305.00
Year-over-Year Change
118.40%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ireland from Maryland' measures the total value of goods and services exported from the U.S. state of Maryland to Ireland. This metric is important for understanding trade flows and the economic relationship 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 tracks the value of merchandise and services exported from Maryland to Ireland. It is a key indicator of the commercial activity and economic interdependence between the two economies. Analysts use this data to assess Maryland's export performance and the state's trade position with Ireland.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of Maryland-based exporters.
Historical Context
Policymakers and businesses monitor this trend to inform trade, investment, and economic development strategies.
Key Facts
- Maryland exported $251 million in goods and services to Ireland in 2021.
- Ireland was Maryland's 16th largest export destination in 2021.
- Top Maryland exports to Ireland include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total value of merchandise and services exported from the U.S. state of Maryland to Ireland.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding trade flows and the economic relationship between Maryland and Ireland. It informs business strategies, investment decisions, and trade policy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of Maryland-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and businesses monitor this trend to inform trade, investment, and economic development strategies between Maryland and Ireland.
Q: Are there update delays or limitations?
A: The data is published with a 3-month lag and may be subject to revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Ireland from Maryland (MDIRLA052SCEN), retrieved from FRED.