Value of Exports to Australia from Montana
MTAUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,395,741.00
Year-over-Year Change
126.86%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Australia from Montana' trend measures the dollar value of goods and services exported from the U.S. state of Montana to Australia. This metric provides insights into the trade relationship between Montana and one of its key international 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 series tracks the total value of exports originating from Montana and destined for Australia. It is an important indicator of the strength of the economic ties between the two regions and can inform decisions around trade policy, business investments, and economic development strategies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Montana-based exporters.
Historical Context
Policymakers and economists monitor this trend to assess the health of Montana's export economy and its integration with global markets.
Key Facts
- Montana exported over $100 million worth of goods to Australia in 2020.
- Exports to Australia account for approximately 5% of Montana's total international trade.
- The top Montana exports to Australia include agricultural products, machinery, and manufactured goods.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the U.S. state of Montana to Australia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the strength of the economic relationship between Montana and one of its key international trading partners, which is valuable 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 surveys of Montana-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the health of Montana's export economy and inform decisions around trade policy, business investments, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but there may be some delays in its release due to the survey-based data collection process.
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Citation
U.S. Federal Reserve, Value of Exports to Australia from Montana (MTAUSA052SCEN), retrieved from FRED.