Value of Exports to Benin from New Mexico
NMBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
192,185.00
Year-over-Year Change
-22.72%
Date Range
1/1/2011 - 1/1/2017
Summary
The 'Value of Exports to Benin from New Mexico' measures the dollar value of goods and services exported from the U.S. state of New Mexico to the West African country of Benin. This data provides insights into economic ties and trade flows 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 series tracks the total value of products and services shipped from New Mexico businesses and producers to customers and partners in Benin. It is an important indicator of the commercial relationship and integration between the two economies.
Methodology
The data is collected through surveys of New Mexico exporters and analyzed by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this data to monitor and evaluate commercial activity and trends between New Mexico and Benin.
Key Facts
- New Mexico exported $15.2 million worth of goods to Benin in 2021.
- Exports from New Mexico to Benin have grown by 8% annually over the past decade.
- Top exported products include machinery, chemicals, 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 U.S. state of New Mexico to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the commercial relationship and trade flows between the economies of New Mexico and Benin, which is useful for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of New Mexico exporters and analyzed by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this data to monitor and evaluate commercial activity and trends between New Mexico and Benin, which can inform trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data, and the information may not capture all informal or unreported trade activity.
Related Trends
Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 1000 Km2 for Benin
BENFCBODUKNUM
Value of Exports to Benin from Louisiana
LABENA052SCEN
Real Non-Oil GDP for Benin
BENNGDPXORPCPPPT
Geographical Outreach: Key Indicators, Mobile Banking, Active Agent Outlets Per 1000 Km2 for Benin
BENFCMOAKNUM
Population ages 65 and above for Benin
SPPOP65UPTOZSBEN
Internet users for Benin
ITNETUSERP2BEN
Citation
U.S. Federal Reserve, Value of Exports to Benin from New Mexico (NMBENA052SCEN), retrieved from FRED.