Value of Exports to Rwanda from Michigan
MIRWAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
204,821.00
Year-over-Year Change
74.43%
Date Range
1/1/2006 - 1/1/2011
Summary
The 'Value of Exports to Rwanda from Michigan' series measures the dollar value of goods and services exported from the U.S. state of Michigan to the African country of Rwanda. This statistic is relevant for assessing trade flows and economic relationships 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 economic indicator tracks the total value of merchandise and services shipped from the state of Michigan to Rwanda. It provides insights into the commercial activities and trade dynamics between the two economies, which can inform policymakers and business analysts.
Methodology
The data is collected by the U.S. Census Bureau through customs records and surveys of exporting firms.
Historical Context
Policymakers and trade analysts use this metric to evaluate market opportunities and the competitive position of Michigan-based companies in the Rwandan market.
Key Facts
- Michigan is the 6th largest exporting state in the U.S.
- Rwanda is a fast-growing economy in East Africa.
- The U.S. is Rwanda's 3rd largest import partner.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the U.S. state of Michigan to the country of Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship and commercial activities between Michigan and the Rwandan market, which is useful for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs records and surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this indicator to evaluate market opportunities and the competitive position of Michigan-based companies in the Rwandan market.
Q: Are there update delays or limitations?
A: The data may have a lag of several months due to the time required for collecting and processing the information from customs and survey sources.
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Citation
U.S. Federal Reserve, Value of Exports to Rwanda from Michigan (MIRWAA052SCEN), retrieved from FRED.