Value of Exports to Sri Lanka from Michigan
MILKAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,849,328.00
Year-over-Year Change
-13.87%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Sri Lanka from Michigan' series measures the dollar value of goods exported from the state of Michigan to Sri Lanka. This metric is important for analyzing Michigan's trade relationships and competitiveness in global markets.
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 series tracks the dollar value of physical goods shipped from Michigan to Sri Lanka, including agricultural products, industrial equipment, and consumer goods. The data is used by policymakers, economists, and businesses to understand Michigan's export trends and relationships with key trading partners.
Methodology
The data is collected by the U.S. Census Bureau through its export reporting system.
Historical Context
Policymakers and analysts use this metric to assess Michigan's export performance and the state's role in national and global trade dynamics.
Key Facts
- Michigan exported $11.2 million in goods to Sri Lanka in 2021.
- Exports to Sri Lanka account for 0.2% of Michigan's total international exports.
- The top Michigan exports to Sri Lanka are machinery, transportation equipment, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This series tracks the dollar value of physical goods exported from the state of Michigan to Sri Lanka, including agricultural products, industrial equipment, and consumer goods.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for analyzing Michigan's trade relationships and competitiveness in global markets, as well as understanding the state's role in national and international trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its export reporting system.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Michigan's export performance and the state's role in national and global trade dynamics.
Q: Are there update delays or limitations?
A: The data is updated monthly by the U.S. Census Bureau, with a typical 1-2 month reporting delay.
Related Trends
Value of Exports to Sri Lanka from Georgia
GALKAA052SCEN
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Sri Lanka
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Gross National Income for Sri Lanka
MKTGNILKA646NWDB
Amount Outstanding Due within One Year of International Debt Securities for All Issuers, Residence of Issuer in Sri Lanka
IDS1YMAORIAILK
Value of Exports to Sri Lanka from Missouri
MOLKAA052SCEN
Bank Z-Score for Sri Lanka
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Citation
U.S. Federal Reserve, Value of Exports to Sri Lanka from Michigan (MILKAA052SCEN), retrieved from FRED.