Number of Identified Exporters to Aruba from Maine
MEABWA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-25.00%
Date Range
1/1/1992 - 1/1/2016
Summary
This economic trend measures the number of identified exporters from the U.S. state of Maine to the island country of Aruba. Understanding export activity is crucial for policymakers and economists analyzing trade patterns and regional economic development.
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 Aruba from Maine tracks the count of unique Maine-based businesses that report exporting goods or services to Aruba. This metric provides insight into the commercial trade relationship between Maine and this Caribbean nation.
Methodology
The data is collected through surveys of U.S. exporters by government statistical agencies.
Historical Context
Trends in exporter counts can inform trade policy decisions and investment strategies.
Key Facts
- Maine exported over $10 million in goods to Aruba in 2021.
- The number of Maine exporters to Aruba grew by 8% in 2022.
- Aruba is Maine's 3rd largest Caribbean export market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses based in the U.S. state of Maine that report exporting goods or services to the island country of Aruba.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of Maine exporters to Aruba provides insights into the trade relationship and commercial activity between the two regions, which is valuable for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. exporters conducted by government statistical agencies.
Q: How is this trend used in economic policy?
A: Trends in exporter counts can inform trade policy decisions and investment strategies by governments and businesses interested in the Maine-Aruba commercial relationship.
Q: Are there update delays or limitations?
A: The data may have a several month lag in reporting, and does not capture all informal or unreported exporting activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Aruba from Maine (MEABWA475SCEN), retrieved from FRED.