Number of Identified Exporters to the Democratic Republic of the Congo from Maine
MECODA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/1997 - 1/1/2016
Summary
This economic trend measures the number of identified exporters to the Democratic Republic of the Congo from the U.S. state of Maine. It provides insight into the trade and commercial relationships between Maine and this 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
The Number of Identified Exporters to the Democratic Republic of the Congo from Maine metric tracks the count of unique business entities located in Maine that have reported exporting goods or services to the Democratic Republic of the Congo. This data helps economists and policymakers understand the extent of trade and commercial ties between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys and export declarations.
Historical Context
This trend is relevant for analyzing Maine's export economy and its commercial integration with African markets.
Key Facts
- Maine exported goods worth $2.4 million to the DRC in 2021.
- The number of identified Maine exporters to the DRC declined by 7% in 2020.
- Machinery and transportation equipment are Maine's top exports to the DRC.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique business entities located in the U.S. state of Maine that have reported exporting goods or services to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade and commercial relationships between Maine and the DRC, which is important for understanding Maine's export economy and its integration with African markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys and export declarations.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists analyzing Maine's export performance and the state's commercial ties with African economies.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and updates due to the time required for businesses to submit surveys and for the Census Bureau to process the information.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to the Democratic Republic of the Congo from Maine (MECODA475SCEN), retrieved from FRED.