Value of Exports to Hungary from Maine
MEHUNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,098,337.00
Year-over-Year Change
-70.89%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Hungary from Maine' series measures the dollar value of goods and services exported from the U.S. state of Maine to Hungary. This metric is important for understanding trade patterns and economic relationships between regional economies.
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 total value of all exported products and services originating from Maine businesses and sent to Hungary. It provides insight into the commercial activity and economic interdependence between these two geographic areas.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporters.
Historical Context
Policymakers and economists use this metric to analyze trade flows and competitiveness between U.S. states and foreign markets.
Key Facts
- Maine exported $36.4 million in goods to Hungary in 2021.
- Exports from Maine to Hungary have grown by 78% over the past decade.
- Top Maine exports to Hungary include machinery, computer equipment, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of all goods and services exported from the U.S. state of Maine to Hungary.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into trade flows and economic relationships between Maine and the Hungarian market, which is relevant for policymakers, businesses, and economic researchers.
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: Analysts and policymakers use this series to understand state-level trade patterns and competitiveness, which can inform economic development strategies and trade negotiations.
Q: Are there update delays or limitations?
A: The data is published with a 3-month lag, and may not capture all exporting activity due to survey response rates.
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Citation
U.S. Federal Reserve, Value of Exports to Hungary from Maine (MEHUNA052SCEN), retrieved from FRED.