Number of Identified Exporters to Aruba from Michigan
MIABWA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
28.00
Year-over-Year Change
86.67%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Aruba from Michigan' series tracks the count of businesses located in Michigan that export goods to Aruba. This metric provides insight into trade flows and economic ties between the U.S. state and the Caribbean island nation.
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, published by the U.S. Census Bureau, measures the number of unique commercial entities based in Michigan that have reported exporting merchandise to Aruba. It serves as an indicator of the level of economic and trade engagement between the two regions.
Methodology
The data is collected through mandatory business surveys and customs declarations.
Historical Context
Analysts and policymakers use this metric to assess Michigan's export activity and commercial relationships in the Caribbean market.
Key Facts
- Michigan is a major U.S. exporting state.
- Aruba is a popular tourist destination in the Caribbean.
- Trade data can indicate broader economic trends.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of businesses located in the U.S. state of Michigan that export goods to the Caribbean island nation of Aruba.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade and economic engagement between Michigan and Aruba, which can inform analysis of regional economic conditions and commercial relationships.
Q: How is this data collected or calculated?
A: The data is collected through mandatory business surveys and customs declarations.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess Michigan's export activity and commercial relationships in the Caribbean market.
Q: Are there update delays or limitations?
A: The data may be subject to update delays due to the time required for survey collection and compilation.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Aruba from Michigan (MIABWA475SCEN), retrieved from FRED.