Number of Identified Exporters to Argentina from Michigan
MIARGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
382.00
Year-over-Year Change
42.54%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Argentina from Michigan' series tracks the count of Michigan-based companies that export goods to Argentina. This metric is important for understanding trade flows and regional economic activity.
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, provides a count of the number of unique Michigan-based companies that export merchandise to Argentina in a given time period. It serves as an indicator of the level of trade and economic integration between Michigan and the Argentine market.
Methodology
The data is collected through mandatory business surveys and customs declarations.
Historical Context
Policymakers and economists analyze this metric to gauge Michigan's export competitiveness and assess the state's trade relationships.
Key Facts
- Michigan is a major exporting state, with $58.3 billion in exports in 2021.
- Argentina is Michigan's 29th largest export destination, receiving $206 million in goods in 2021.
- The number of identified Michigan exporters to Argentina has fluctuated between 150-300 companies in recent years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of unique Michigan-based companies that export merchandise to Argentina in a given time period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of trade and economic integration between Michigan and the Argentine market, which is useful for policymakers and economists analyzing regional export activity.
Q: How is this data collected or calculated?
A: The data is collected through mandatory business surveys and customs declarations by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this series to gauge Michigan's export competitiveness and assess the state's trade relationships with key international markets like Argentina.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 6-12 months after the reference period, and may not capture all exporting companies due to survey non-response.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Argentina from Michigan (MIARGA475SCEN), retrieved from FRED.