Value of Exports to Iraq from Michigan
MIIRQA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,328,095.00
Year-over-Year Change
374.03%
Date Range
1/1/2004 - 1/1/2017
Summary
This trend measures the value of exports from the U.S. state of Michigan to Iraq, providing insights 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
The 'Value of Exports to Iraq from Michigan' series tracks the dollar value of goods and services exported from Michigan to the Iraqi market. This data is used by economists and policymakers to analyze Michigan's export performance and the broader economic ties between the state and Iraq.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and other exporters.
Historical Context
Monitoring state-level export trends is important for assessing regional economic conditions and informing trade policy decisions.
Key Facts
- Michigan is a major exporting state in the U.S.
- Iraq is an important trading partner for many U.S. states
- Export values can fluctuate due to economic and political factors
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 Iraqi market.
Q: Why is this trend relevant for users or analysts?
A: Tracking state-level export data provides insights into regional economic conditions and trade relationships that are important for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and other exporters.
Q: How is this trend used in economic policy?
A: Export trends are used by economists and policymakers to assess regional economic performance and inform trade policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to revision and can have lags in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to Iraq from Michigan (MIIRQA052SCEN), retrieved from FRED.