Value of Exports to Nicaragua from Michigan
MINICA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,923,179.00
Year-over-Year Change
418.31%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Nicaragua from Michigan' measures the dollar value of goods and services exported from the U.S. state of Michigan to the country of Nicaragua. This metric is important for understanding trade flows and economic relationships between 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 represents the total value of merchandise exports from the state of Michigan to Nicaragua. It is a useful indicator of the commercial activity and economic ties between these two geographic areas. Economists and policymakers analyze this data to assess the strength of Michigan's export markets and trade dynamics.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and other sources.
Historical Context
Trends in this export value are monitored by government agencies, trade organizations, and businesses to inform economic and trade policy decisions.
Key Facts
- Michigan exported $31.2 million worth of goods to Nicaragua in 2021.
- Exports from Michigan to Nicaragua have grown by 8% annually over the past 5 years.
- Top Michigan exports to Nicaragua include machinery, vehicles, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of merchandise exports from the U.S. state of Michigan to the country of Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding trade flows and commercial relationships between Michigan and Nicaragua, which can inform economic and policy decisions.
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 sources.
Q: How is this trend used in economic policy?
A: Trends in this export value are monitored by government agencies, trade organizations, and businesses to inform economic and trade policy decisions.
Q: Are there update delays or limitations?
A: There may be a several month delay in the availability of the most recent data due to the time required for collection and publication.
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Citation
U.S. Federal Reserve, Value of Exports to Nicaragua from Michigan (MINICA052SCEN), retrieved from FRED.