Value of Exports to Papua New Guinea from Maryland
MDPNGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,501.00
Year-over-Year Change
-33.52%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Papua New Guinea from Maryland' trend measures the total value of goods and services exported from the U.S. state of Maryland to the country of Papua New Guinea. This data provides insights into Maryland's trade relationship with a key Asia-Pacific trading partner.
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 indicator tracks the dollar value of all products and services shipped from Maryland businesses to customers in Papua New Guinea. It is used by trade analysts, policymakers, and economists to monitor the strength of Maryland's export economy and understand its commercial ties with the Asia-Pacific region.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Maryland-based exporters.
Historical Context
This export data is relevant for assessing the performance of Maryland's trade-oriented industries and informing decisions around economic development and international commercial policies.
Key Facts
- Maryland exported $15.2 million worth of goods to Papua New Guinea in 2021.
- Papua New Guinea is Maryland's 104th largest export destination globally.
- Top Maryland exports to Papua New Guinea include machinery, aircraft, and medical equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Maryland to the country of Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Maryland's trade relationship with a key Asia-Pacific partner and can inform economic development and trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Maryland-based exporters.
Q: How is this trend used in economic policy?
A: This export data is relevant for assessing the performance of Maryland's trade-oriented industries and informing decisions around economic development and international commercial policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a 2-3 month delay.
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Citation
U.S. Federal Reserve, Value of Exports to Papua New Guinea from Maryland (MDPNGA052SCEN), retrieved from FRED.