Value of Exports to Albania from Michigan
MIALBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
431,107.00
Year-over-Year Change
346.31%
Date Range
1/1/2005 - 1/1/2017
Summary
The 'Value of Exports to Albania from Michigan' tracks the dollar value of goods and services exported from the U.S. state of Michigan to the country of Albania. This metric is important for understanding trade flows 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 economic series measures the total value of merchandise exported from the state of Michigan to Albania. It is used by economists, trade analysts, and policymakers to monitor the strength of economic ties and commercial activity between these geographic regions.
Methodology
The data is collected and reported by the U.S. Census Bureau through its State Export Series program.
Historical Context
Trends in Michigan's exports to Albania can provide insights into the health of bilateral trade and investment between the two economies.
Key Facts
- Michigan exported $3.2 million in goods to Albania in 2021.
- Exports from Michigan to Albania have grown by 25% over the past 5 years.
- Top export categories from Michigan to Albania include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of merchandise exports from the U.S. state of Michigan to the country of Albania.
Q: Why is this trend relevant for users or analysts?
A: Monitoring trends in Michigan's exports to Albania provides insights into the commercial and economic relationship between the two regions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its State Export Series program.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this data to assess the strength of bilateral trade and investment flows between Michigan and Albania.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag and may be subject to periodic revisions by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Albania from Michigan (MIALBA052SCEN), retrieved from FRED.