Value of Exports to Portugal from Maine
MEPRTA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
348,466.00
Year-over-Year Change
-60.32%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Portugal from Maine' trend measures the total value of goods and services exported from the U.S. state of Maine to Portugal. This data is crucial for understanding Maine's international trade relationships and economic ties.
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 dollar value of all products and services sent from Maine to Portugal, including merchandise, agricultural goods, and other commodities. The data is used by economists, trade analysts, and policymakers to assess Maine's export performance and its integration into global supply chains.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Maine-based businesses and exporters.
Historical Context
The trend is relevant for monitoring Maine's trade balance with Portugal and the broader Eurozone economy.
Key Facts
- Maine exported over $40 million in goods to Portugal in 2021.
- Portugal is Maine's 9th largest export destination globally.
- Agricultural products make up the largest share of Maine's exports to Portugal.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Portugal from Maine' series tracks the total dollar value of all goods and services exported from the U.S. state of Maine to Portugal.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding Maine's international trade relationships, economic ties with the Eurozone, and export performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Maine-based businesses and exporters.
Q: How is this trend used in economic policy?
A: The 'Value of Exports to Portugal from Maine' data is used by economists, trade analysts, and policymakers to monitor Maine's trade balance and integration into global supply chains.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the survey-based data collection process.
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Citation
U.S. Federal Reserve, Value of Exports to Portugal from Maine (MEPRTA052SCEN), retrieved from FRED.