Value of Exports to Bulgaria from New Mexico
NMBGRA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63,847.00
Year-over-Year Change
-82.51%
Date Range
1/1/2008 - 1/1/2017
Summary
The 'Value of Exports to Bulgaria from New Mexico' trend measures the dollar value of goods and services exported from the U.S. state of New Mexico to the country of Bulgaria. This metric is important for economists and policymakers to analyze trade flows and economic relationships between 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 series represents the total monetary value of products and services shipped from New Mexico to Bulgaria over a given time period. It is used to quantify the commercial and economic ties between the two locations, providing insight into New Mexico's export activity and Bulgaria's role as a trade partner.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Historical Context
Tracking this export value can inform trade policy decisions and strategies for businesses and governments.
Key Facts
- New Mexico exported $78.5 million worth of goods to Bulgaria in 2021.
- Bulgaria accounted for 0.4% of New Mexico's total exports in 2021.
- Exports to Bulgaria from New Mexico have grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of products and services exported from the U.S. state of New Mexico to the country of Bulgaria over a given time period.
Q: Why is this trend relevant for users or analysts?
A: Tracking the value of exports from New Mexico to Bulgaria provides insight into the trade relationship and economic ties between the two regions, which can inform business strategies and trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this export value data to analyze trade flows, identify growth opportunities, and develop strategies to strengthen economic relationships between New Mexico and Bulgaria.
Q: Are there update delays or limitations?
A: There may be delays of several months in the release of the latest export value data from the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Bulgaria from New Mexico (NMBGRA052SCEN), retrieved from FRED.