Value of Exports to Benin from Maine
MEBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
361,805.00
Year-over-Year Change
392.77%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Benin from Maine' trend measures the total value of goods and services exported from the U.S. state of Maine to the West African country of Benin. This metric is important for analyzing trade flows and economic relationships between U.S. states and foreign nations.
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 data series tracks the dollar value of all commercial exports originating from Maine and destined for Benin. It provides insight into the trade activities and economic ties between the two regions, which is relevant for businesses, policymakers, and economists studying international commerce.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and trade analysts use this metric to monitor the health of Maine's export economy and its engagement with the Beninese market.
Key Facts
- Maine's exports to Benin totaled $1.2 million in 2021.
- Machinery and equipment are Maine's top exports to Benin.
- Benin represents less than 0.1% of Maine's total export market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the U.S. state of Maine to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Maine and Benin, which is useful for businesses, policymakers, and economists studying international commerce.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to monitor the health of Maine's export economy and its engagement with the Beninese market.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag.
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Citation
U.S. Federal Reserve, Value of Exports to Benin from Maine (MEBENA052SCEN), retrieved from FRED.