Value of Exports to Romania from Michigan
MIROUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,936,520.00
Year-over-Year Change
271.25%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Romania from Michigan tracks the total value of goods and services exported from the U.S. state of Michigan to Romania. This metric is useful for economists and policymakers to understand trade patterns and commercial activity 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
This series measures the dollar value of all products and services exported from the state of Michigan to Romania. It provides insight into the economic relationship and commercial ties between the two locations, which is relevant for trade policy analysis and market monitoring.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Policymakers and economists use this metric to assess the strength of economic links between Michigan and Romania.
Key Facts
- Michigan exported $72.5 million in goods and services to Romania in 2021.
- Exports from Michigan to Romania have grown by 25% over the past 5 years.
- Machinery, transportation equipment, and chemicals are Michigan's top exports to Romania.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of all goods and services exported from the U.S. state of Michigan to Romania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial and trade relationship between Michigan and Romania, which is useful for economists, policymakers, and businesses monitoring economic activity between the two regions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the strength of economic links between Michigan and Romania, which can inform trade policy and commercial strategies.
Q: Are there update delays or limitations?
A: There may be some reporting delays, as the data is collected through business surveys. The metric also only covers goods and services exported from Michigan, not the full trade balance between the two regions.
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Citation
U.S. Federal Reserve, Value of Exports to Romania from Michigan (MIROUA052SCEN), retrieved from FRED.