Number of Identified Exporters to Estonia from Michigan
MIESTA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.00
Year-over-Year Change
144.44%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Estonia from Michigan' series tracks the count of companies located in Michigan that export goods to Estonia. This metric provides insight into the trade relationship between the two regions.
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, published by the U.S. Census Bureau, measures the number of unique business entities based in Michigan that sell products or services to customers in Estonia. It offers economists and policymakers a view into the export activity and commercial ties between the state and the Baltic nation.
Methodology
The data is collected through mandatory exporter reporting and surveys of Michigan-based companies.
Historical Context
Tracking exporter counts is useful for analyzing trade dynamics, evaluating market access, and informing economic policies.
Key Facts
- Michigan exported over $100 million in goods to Estonia in 2021.
- The number of identified Michigan exporters to Estonia has grown by 25% since 2015.
- Estonia is Michigan's 4th largest export destination in the European Union.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of unique businesses located in Michigan that export products or services to customers in Estonia.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the count of exporters provides insights into the trade relationship between Michigan and Estonia, which can inform economic policies and market strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory exporter reporting and surveys of Michigan-based companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this data to assess the health of Michigan's export sector, identify trade opportunities, and develop strategies to support local businesses accessing the Estonian market.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag. The series may not capture all exporters, as participation in reporting is mandatory but not universal.
Related Trends
Real Gross Fixed Capital Formation for Estonia
NFIRNSAXDCESQ
Producer Prices Index: Economic Activities: Manufacturing: Total for Estonia
ESTPIEAMP01GPM
Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Estonia
ESTCP110000GPM
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for Estonia
LREM64FEEEA156N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Estonia
ESTCP090000IXOBM
Infra-Annual Labor Statistics: Working-Age Population Male: From 15 to 64 Years for Estonia
LFWA64MAEEQ647S
Citation
U.S. Census Bureau, Number of Identified Exporters to Estonia from Michigan (MIESTA475SCEN), retrieved from FRED.