Value of Exports to Islamic Republic of Iran from Maryland
MDIRNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,456,484.00
Year-over-Year Change
-92.90%
Date Range
1/1/1992 - 1/1/2014
Summary
The 'Value of Exports to Islamic Republic of Iran from Maryland' series measures the dollar value of goods and services exported from the U.S. state of Maryland to Iran. This metric is important for understanding Maryland's trade relationships and economic ties with the Middle East.
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 tracks the total value of exports originating from Maryland businesses and shipped to the Islamic Republic of Iran. The data helps analysts and policymakers assess Maryland's export performance and integration with global markets.
Methodology
The data is collected by the U.S. Census Bureau through customs records and surveys of exporting companies.
Historical Context
This export value trend is closely watched by trade economists and state government agencies for insights on Maryland's international business activity.
Key Facts
- Maryland exported $58.3 million in goods to Iran in 2020.
- Exports from Maryland to Iran have declined by 79% since 2011.
- Agricultural products make up the largest share of Maryland's exports to Iran.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the U.S. state of Maryland to the Islamic Republic of Iran.
Q: Why is this trend relevant for users or analysts?
A: This export value metric provides insights into Maryland's international trade relationships and economic ties with the Middle East region.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs records and surveys of exporting companies.
Q: How is this trend used in economic policy?
A: This export value trend is closely watched by trade economists and state government agencies for insights on Maryland's international business activity and trade performance.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the latest export data due to the time required for collection and reporting.
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Citation
U.S. Federal Reserve, Value of Exports to Islamic Republic of Iran from Maryland (MDIRNA052SCEN), retrieved from FRED.