Number of Identified Exporters to Jamaica from Maine
MEJAMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-41.67%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters from the U.S. state of Maine to the country of Jamaica. Understanding export dynamics is crucial for policymakers and analysts to assess trade relationships and economic integration.
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 Jamaica from Maine tracks the count of unique businesses located in Maine that export goods to Jamaica. This metric provides insights into the scale and diversity of Maine's trade connections with the Jamaican market.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Trends in exporter counts are closely monitored by trade economists and policymakers to gauge the health of a state's export sector.
Key Facts
- Maine exported over $53 million in goods to Jamaica in 2021.
- The number of identified Maine exporters to Jamaica has grown by 25% since 2015.
- Top exported products from Maine to Jamaica include agricultural goods and machinery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in the U.S. state of Maine that export goods to the country of Jamaica.
Q: Why is this trend relevant for users or analysts?
A: Tracking the count of Maine exporters to Jamaica provides insights into the scale and diversity of trade between the two regions, which is crucial for policymakers and economists analyzing economic integration and commercial relationships.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in exporter counts are closely monitored by trade economists and policymakers to gauge the health of a state's export sector and inform decisions around trade agreements, export promotion programs, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all exporting activity, especially by smaller businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Jamaica from Maine (MEJAMA475SCEN), retrieved from FRED.