Number of Identified Exporters to Saudi Arabia from Michigan
MISAUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
320.00
Year-over-Year Change
35.59%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend tracks the number of identified exporters to Saudi Arabia from the U.S. state of Michigan. It provides insights into the export activity and trade relationships between Michigan and a key global 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
The Number of Identified Exporters to Saudi Arabia from Michigan measures the count of individual businesses based in Michigan that reported exporting goods or services to Saudi Arabia. This metric offers visibility into the scale and diversity of Michigan's export economy.
Methodology
The data is collected through mandatory business surveys by the U.S. Census Bureau.
Historical Context
This trend is used by economists and policymakers to monitor the health and competitiveness of Michigan's export sector.
Key Facts
- Michigan was the 7th largest exporting state in the U.S. in 2021.
- Saudi Arabia was Michigan's 24th largest export destination in 2021.
- The number of identified Michigan exporters to Saudi Arabia has grown by 25% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individual businesses based in the U.S. state of Michigan that reported exporting goods or services to Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into the scale and diversity of Michigan's export economy and trade relationships with a key global market.
Q: How is this data collected or calculated?
A: The data is collected through mandatory business surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor the health and competitiveness of Michigan's export sector.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of the U.S. Census Bureau's business surveys.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Saudi Arabia from Michigan (MISAUA475SCEN), retrieved from FRED.