Value of Exports to Brazil from New Mexico
NMBRAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13,659,544.00
Year-over-Year Change
20.52%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Brazil from New Mexico' metric tracks the dollar value of goods and services exported from New Mexico to Brazil over time. This economic indicator provides insights into trade flows and commercial activity 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 series measures the total value of merchandise and services exported from the state of New Mexico to Brazil. It reflects the scale and trends of economic exchange and commercial integration between the two markets. Policymakers and analysts use this data to assess the health of regional trade relationships.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Historical Context
This export value trend is relevant for understanding New Mexico's participation in global trade and Brazil's importance as an international trading partner.
Key Facts
- New Mexico exported $258 million worth of goods and services to Brazil in 2021.
- Brazil is New Mexico's 6th largest export destination globally.
- Aerospace products are a major export category from New Mexico to Brazil.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of merchandise and services exported from the state of New Mexico to Brazil over time.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the scale and trends of economic exchange and commercial integration between New Mexico and Brazil, which is valuable for policymakers and market analysts.
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: This export value trend is relevant for understanding New Mexico's participation in global trade and Brazil's importance as an international trading partner for the state.
Q: Are there update delays or limitations?
A: The data is published with a several month lag, so it may not reflect the most recent trade activity.
Related Trends
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Number of Identified Exporters to Brazil from Texas
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Number of Identified Exporters to Brazil from Oklahoma
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Net migration for Brazil
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Citation
U.S. Federal Reserve, Value of Exports to Brazil from New Mexico (NMBRAA052SCEN), retrieved from FRED.