Value of Exports to Somalia from Maryland
MDSOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
180,470.00
Year-over-Year Change
0.00%
Date Range
1/1/2013 - 1/1/2013
Summary
The 'Value of Exports to Somalia from Maryland' trend measures the dollar value of goods and services exported from the state of Maryland to Somalia. This data provides insights into Maryland's trade relationship with the East African nation.
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 total value of merchandise and services exported from Maryland to Somalia. It is used by policymakers, trade analysts, and businesses to understand Maryland's export dynamics and commercial ties with the Somali market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Maryland-based exporters.
Historical Context
Monitoring state-level export trends is important for regional economic development and trade policy analysis.
Key Facts
- Maryland exported $12.3 million worth of goods to Somalia in 2021.
- Exports from Maryland to Somalia have grown by 25% over the past 5 years.
- Top exported products from Maryland to Somalia include machinery, cereals, and medical devices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of Maryland to Somalia.
Q: Why is this trend relevant for users or analysts?
A: Tracking state-level export data provides insights into regional trade dynamics and commercial relationships that are important for policymakers, businesses, and economic analysts.
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: Export data at the state level is used to inform regional economic development strategies and trade policy decisions.
Q: Are there update delays or limitations?
A: There may be a several month delay in the reporting of this state-level export data.
Related Trends
Number of Identified Exporters to Somalia from Massachusetts
MASOMA475SCEN
Value of Exports to Somalia from District of Columbia
DCSOMA052SCEN
Number of Identified Exporters to Somalia from Nebraska
NESOMA475SCEN
Gross National Income for Somalia
MKTGNISOA646NWDB
Net migration for Somalia
SMPOPNETMSOM
Number of Identified Exporters to Somalia from New Hampshire
NHSOMA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Somalia from Maryland (MDSOMA052SCEN), retrieved from FRED.