Value of Exports to United Arab Emirates from New Mexico
NMAREA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,048,134.00
Year-over-Year Change
354.53%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Arab Emirates from New Mexico' economic trend tracks the total dollar value of goods and services exported from the state of New Mexico to the United Arab Emirates. This metric is useful for understanding New Mexico's trade relationships and economic connections with 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 measures the total value of exports originating from New Mexico and destined for the United Arab Emirates. It provides insight into the commercial ties between the state and this major global trading partner, which can inform economic policymaking and business strategy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Export value trends are closely monitored by economists, trade analysts, and policymakers to assess the health of a region's external trade dynamics.
Key Facts
- New Mexico exported over $100 million worth of goods to the UAE in 2021.
- Exports to the UAE account for approximately 2% of New Mexico's total international trade.
- The top exported products from New Mexico to the UAE are aerospace equipment and agricultural commodities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of New Mexico to the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into New Mexico's trade relationships and economic connections with international markets, which is valuable information 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 businesses and customs records.
Q: How is this trend used in economic policy?
A: Export value trends are closely monitored by economists, trade analysts, and policymakers to assess the health of a region's external trade dynamics and inform economic policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a short lag in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to United Arab Emirates from New Mexico (NMAREA052SCEN), retrieved from FRED.