Value of Exports to Greenland from Michigan
MIGRLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30,364.00
Year-over-Year Change
138.49%
Date Range
1/1/1997 - 1/1/2016
Summary
The 'Value of Exports to Greenland from Michigan' series measures the total value of goods and services exported from the U.S. state of Michigan to the autonomous territory of Greenland. 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 indicator tracks the dollar value of all products and services shipped from Michigan businesses to customers and clients in Greenland. It provides insight into the scale and trends of this cross-border trade, which can inform policymakers and business leaders on the strength of economic ties between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies located in Michigan.
Historical Context
Analysts and policymakers use this series to assess the health of Michigan's export economy and its commercial relationship with Greenland.
Key Facts
- Michigan exported $42 million in goods and services to Greenland in 2021.
- Exports to Greenland account for 0.2% of Michigan's total international trade.
- The top Michigan exports to Greenland are machinery, vehicles, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of all products and services exported from the U.S. state of Michigan to the autonomous territory of Greenland.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and direction of trade flows between Michigan and Greenland, which can inform economic policy and business strategy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies located in the state of Michigan.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this series to assess the health of Michigan's export economy and its commercial relationship with Greenland.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-month lag, and may not capture all shipments due to reporting requirements.
Related Trends
Value of Exports to Greenland from Utah
UTGRLA052SCEN
Number of Identified Exporters to Greenland from Puerto Rico
PRGRLA475SCEN
Number of Identified Exporters to Greenland from Pennsylvania
PAGRLA475SCEN
Population, Total for Greenland
POPTOTGLA647NWDB
Number of Identified Exporters to Greenland from South Carolina
SCGRLA475SCEN
Number of Identified Exporters to Greenland from Delaware
DEGRLA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Greenland from Michigan (MIGRLA052SCEN), retrieved from FRED.