Value of Exports to Philippines from Maryland
MDPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,052,907.00
Year-over-Year Change
-27.01%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Maryland' series measures the total value of goods exported from the state of Maryland to the Philippines. This metric provides insight into Maryland's trade relationship with the Philippines and the state's export-oriented economic activity.
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 represents the dollar value of physical goods and commodities shipped from Maryland to the Philippines. Economists and policymakers use this data to analyze Maryland's export-driven growth, the state's participation in global trade networks, and the impacts of factors like exchange rates, trade policies, and foreign demand on Maryland's export performance.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Tracking state-level export trends is valuable for understanding regional economic performance and informing trade, investment, and economic development policies.
Key Facts
- Maryland exported $258 million in goods to the Philippines in 2021.
- Exports to the Philippines account for 2.1% of Maryland's total global exports.
- Top Maryland exports to the Philippines include machinery, transportation equipment, and food products.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of physical goods and commodities exported from the state of Maryland to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: Tracking state-level export data provides insights into a region's participation in global trade and the drivers of its export-oriented economic activity.
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 declarations.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to inform trade, investment, and economic development strategies that support Maryland's export competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a 2-3 month lag and may not capture all shipments, particularly smaller or informal trade activities.
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Nonfinancial Corporate Bonds to Total Bonds and Notes Outstanding for Philippines
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Maryland (MDPHLA052SCEN), retrieved from FRED.