Value of Exports to Saudi Arabia from Michigan
MISAUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
321,023,890.00
Year-over-Year Change
-18.25%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Saudi Arabia from Michigan tracks the total value of goods and services exported from the state of Michigan to Saudi Arabia. This metric is important for understanding Michigan's international trade relationships and economic ties with key 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 trend represents the total value of merchandise and services exported from the state of Michigan to Saudi Arabia. It is a key indicator of Michigan's export activity and trade dynamics with one of its major international trading partners in the Middle East region.
Methodology
The data is collected and reported by the U.S. Census Bureau through its international trade statistics program.
Historical Context
Policymakers and economists analyze this trend to assess Michigan's export performance and competitiveness in the global marketplace.
Key Facts
- Michigan is a major exporting state, shipping over $58 billion in goods and services globally in 2021.
- Saudi Arabia is Michigan's 16th largest export destination, receiving $493 million in exports in 2021.
- Automobiles, machinery, and pharmaceuticals are Michigan's top exports to Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of merchandise and services exported from the state of Michigan to Saudi Arabia, one of Michigan's key international trading partners.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Michigan's export performance and trade relationship with a major global market, which is valuable information for policymakers, businesses, and economists analyzing the state's economic activity and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its international trade statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess Michigan's export performance and competitiveness, and to inform trade, economic development, and international business strategies.
Q: Are there update delays or limitations?
A: There may be some delays in the reporting of this data, as it is collected and published by the U.S. Census Bureau. The data may also be subject to revisions over time.
Related Trends
Breakeven External Oil Price for Saudi Arabia
SAUPZPIOILBEBUSD
Total External Debt for Saudi Arabia
SAUDGDPGDPPT
Balance of Payments: Financial Account: Assets (or Net Acquisition of Assets) for Saudi Arabia
SAUB6FATC01CXCUQ
Imports of Goods and Services for Saudi Arabia
SAUBMUSD
Number of Identified Exporters to Saudi Arabia from Montana
MTSAUA475SCEN
Number of Identified Exporters to Saudi Arabia from Delaware
DESAUA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Saudi Arabia from Michigan (MISAUA052SCEN), retrieved from FRED.