Number of Identified Exporters to Sri Lanka from Michigan
MILKAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.00
Year-over-Year Change
48.15%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Sri Lanka from Michigan' trend measures the count of businesses located in Michigan that export goods to Sri Lanka. This indicator provides insights into the trade relationships between Michigan and the Sri Lankan 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
This series tracks the number of unique Michigan-based companies that have been identified as exporting products to Sri Lanka. It serves as a proxy for the breadth of economic connections between the two regions and can indicate changes in trade dynamics over time.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and export documentation.
Historical Context
Policymakers and economists monitor this trend to assess the health of Michigan's export sector and its engagement with the Sri Lankan market.
Key Facts
- Michigan is a major exporting state in the U.S.
- Sri Lanka is an important trade partner for some Michigan industries.
- Exporting helps diversify revenue streams for Michigan businesses.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in Michigan that have been identified as exporting goods to Sri Lanka.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of Michigan exporters to Sri Lanka provides insights into the breadth of trade relationships between the two regions, which is relevant for economic policymakers and businesses.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and export documentation.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the health of Michigan's export sector and its engagement with the Sri Lankan market, which can inform trade policies and economic development initiatives.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric only captures businesses that have been formally identified as exporters, which may not represent the full extent of trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Sri Lanka from Michigan (MILKAA475SCEN), retrieved from FRED.