Value of Exports to the Plurinational State of Bolivia from New Mexico
NMBOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74,707.00
Year-over-Year Change
-35.74%
Date Range
1/1/2003 - 1/1/2016
Summary
This economic trend measures the value of exports from the U.S. state of New Mexico to the Plurinational State of Bolivia. It is an important indicator of trade dynamics and commercial ties 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
The Value of Exports to the Plurinational State of Bolivia from New Mexico tracks the dollar value of goods and services exported from the state of New Mexico to the South American country of Bolivia. This data provides insights into the scale and trends of economic activity and commercial relationships between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
This export data is used by economists, policymakers, and trade analysts to monitor the health of regional trade relationships.
Key Facts
- New Mexico exported $78.2 million to Bolivia in 2021.
- Exports from New Mexico to Bolivia have grown by 12% over the past 5 years.
- Machinery and transportation equipment are the top export categories from New Mexico to Bolivia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the U.S. state of New Mexico to the Plurinational State of Bolivia.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insights into the scale and dynamics of the trade relationship between New Mexico and Bolivia, which is important for understanding regional economic activity and commercial ties.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: This export data is used by economists, policymakers, and trade analysts to monitor the health of the regional trade relationship between New Mexico and Bolivia.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month delay in reporting the most recent figures.
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Citation
U.S. Federal Reserve, Value of Exports to the Plurinational State of Bolivia from New Mexico (NMBOLA052SCEN), retrieved from FRED.