Value of Exports to Ireland from Maine
MEIRLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,858,374.00
Year-over-Year Change
-5.93%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ireland from Maine' measures the total value of goods and services exported from the U.S. state of Maine to Ireland. This metric provides insight into the trade relationship between Maine and Ireland.
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 economic indicator tracks the monetary value of all products and services shipped from Maine to Ireland. It is used by economists, policymakers, and businesses to analyze regional trade patterns, supply chain dynamics, and the economic ties between the two locations.
Methodology
The data is compiled by the U.S. Census Bureau through surveys of Maine exporters and customs records.
Historical Context
Trends in Maine's exports to Ireland are relevant for understanding the state's overall trade performance and economic integration with the global marketplace.
Key Facts
- Maine exported $184 million in goods and services to Ireland in 2021.
- Ireland is Maine's 11th largest export destination worldwide.
- Top Maine exports to Ireland include electronics, machinery, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Ireland from Maine' tracks the total monetary value of all products and services exported from the U.S. state of Maine to Ireland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Maine and Ireland, which is important for understanding regional economic dynamics and supply chain integration.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau through surveys of Maine exporters and customs records.
Q: How is this trend used in economic policy?
A: Trends in Maine's exports to Ireland are relevant for policymakers, economists, and businesses seeking to analyze regional trade patterns and the state's economic integration with global markets.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Value of Exports to Ireland from Maine (MEIRLA052SCEN), retrieved from FRED.