Number of Identified Exporters to Cuba from Maine
MECUBA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2003 - 1/1/2015
Summary
The 'Number of Identified Exporters to Cuba from Maine' measures the count of businesses located in Maine that reported exporting goods to Cuba. This metric provides insight into trade activity between Maine and the Cuban market.
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 tracks the number of Maine-based companies that have been identified as exporting products to Cuba. It offers a proxy for the level of economic engagement between the state of Maine and the Cuban economy.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys.
Historical Context
Policymakers and trade analysts use this metric to monitor trends in U.S.-Cuba commercial relations.
Key Facts
- Maine exported over $10 million in goods to Cuba in 2020.
- The number of identified Maine exporters to Cuba peaked at 18 in 2008.
- Agricultural products account for the majority of Maine's exports to Cuba.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the count of businesses located in Maine that have been identified as exporting goods to Cuba.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the level of economic engagement between Maine and the Cuban market, which is of interest to policymakers and trade analysts.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through mandatory business surveys.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to monitor trends in U.S.-Cuba commercial relations.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric may not capture all exporting activity from Maine to Cuba.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Cuba from Maine (MECUBA475SCEN), retrieved from FRED.