Value of Exports to Bermuda from Maine
MEBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,387,597.00
Year-over-Year Change
33.88%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Bermuda from Maine' economic trend measures the value of goods exported from the U.S. state of Maine to the island country of Bermuda. This metric is closely watched by policymakers and trade analysts to understand regional export dynamics.
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 series represents the total dollar value of merchandise exported from Maine to Bermuda in a given time period. It provides insight into the trading relationship between the two locations and can signal changes in regional economic activity and trade flows.
Methodology
The U.S. Census Bureau collects this data through surveys of Maine-based exporters.
Historical Context
Policymakers and trade groups use this metric to inform decisions around tariffs, trade agreements, and export promotion initiatives.
Key Facts
- Maine exports to Bermuda totaled $25.3 million in 2021.
- Bermuda is Maine's 47th largest export destination.
- Top Maine exports to Bermuda include machinery, electrical equipment, and food products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of merchandise exported from the U.S. state of Maine to the country of Bermuda over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trading relationship between Maine and Bermuda, which can signal changes in regional economic activity and trade flows important for policymakers and businesses.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of Maine-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and trade groups use this metric to inform decisions around tariffs, trade agreements, and export promotion initiatives.
Q: Are there update delays or limitations?
A: This data is published on a monthly basis, but may have a lag of several months before the most recent figures become available.
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Citation
U.S. Federal Reserve, Value of Exports to Bermuda from Maine (MEBMUA052SCEN), retrieved from FRED.