Value of Exports to Czech Republic from Michigan
MICZEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
67,473,030.00
Year-over-Year Change
301.35%
Date Range
1/1/1997 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Michigan to the Czech Republic. It provides insights into trade flows and Michigan's export activity with a key international market.
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 Value of Exports to Czech Republic from Michigan series tracks the dollar value of goods and services exported from Michigan to the Czech Republic. This data is used by economists and policymakers to analyze trade patterns, competitiveness, and the importance of export markets for the Michigan economy.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This export data is relevant for understanding Michigan's economic ties with the Czech Republic and can inform trade, investment, and economic development policies.
Key Facts
- Michigan exported $190 million worth of goods to the Czech Republic in 2021.
- The top exported products from Michigan to the Czech Republic are transportation equipment and machinery.
- Exports to the Czech Republic account for about 1% of total Michigan exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the U.S. state of Michigan to the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Michigan's trade relationships and export activity with the Czech Republic, which is an important indicator of economic ties and competitiveness.
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: This export data can inform trade, investment, and economic development policies by providing insights into Michigan's economic relationships and trade flows with the Czech Republic.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as additional information becomes available.
Related Trends
Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Czechia
LRHUTTTTCZM156S
Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Czechia
CZESARTQISMEI
Labor Compensation: Earnings: Manufacturing: Hourly for Czech Republic
LCEAMN01CZQ659S
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Czechia
LMUNRRTTCZM156S
Harmonized Index of Consumer Prices: Overall Index Excluding Seasonal Food for Czech Republic
00XSEACZM086NEST
International Merchandise Trade Statistics: Exports: Commodities for Czechia
XTEXVA01CZQ657S
Citation
U.S. Federal Reserve, Value of Exports to Czech Republic from Michigan (MICZEA052SCEN), retrieved from FRED.