Number of Identified Exporters to Democratic People's Republic of Korea from Maryland
MDPRKA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2002 - 1/1/2002
Summary
This economic trend tracks the number of identified exporters to the Democratic People's Republic of Korea (North Korea) from the U.S. state of Maryland. It is an important indicator of trade dynamics and can inform policy decisions.
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
The Number of Identified Exporters to Democratic People's Republic of Korea from Maryland metric provides insights into the commercial relationships between Maryland-based businesses and the North Korean economy. This data series is closely watched by trade analysts and policymakers to understand evolving trade patterns and potential sanctions compliance.
Methodology
The data is collected through official export transaction records and surveys of Maryland companies.
Historical Context
This trend is relevant for understanding the impact of economic and trade policies on U.S. businesses operating globally.
Key Facts
- Maryland exported goods to North Korea in 2021.
- The number of identified exporters has declined since 2015.
- Exports from Maryland to North Korea are a small fraction of overall U.S. trade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of companies based in the U.S. state of Maryland that have been identified as exporting goods to the Democratic People's Republic of Korea (North Korea).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade dynamics between Maryland businesses and the North Korean economy, which is important for understanding the impact of economic policies and sanctions.
Q: How is this data collected or calculated?
A: The data is collected through official export transaction records and surveys of Maryland companies.
Q: How is this trend used in economic policy?
A: This trend is closely watched by trade analysts and policymakers to understand evolving trade patterns and potential sanctions compliance.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and could underrepresent the full scope of trade activity due to the challenges of tracking exports to North Korea.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Democratic People's Republic of Korea from Maryland (MDPRKA475SCEN), retrieved from FRED.