Number of Identified Exporters to Brunei Darussalam from New Mexico

NMBRNA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

2.00

Year-over-Year Change

100.00%

Date Range

1/1/2007 - 1/1/2015

Summary

This economic trend tracks the number of identified exporters from the U.S. state of New Mexico to the country of Brunei Darussalam. It provides insight into trade and business connections between these 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 Number of Identified Exporters to Brunei Darussalam from New Mexico represents the count of unique companies or entities in New Mexico that have reported exporting goods or services to Brunei. This metric is used by economists and policymakers to analyze trade patterns and commercial relationships.

Methodology

The data is collected through mandatory exporter reporting to the U.S. Census Bureau.

Historical Context

Trends in exporter counts can signal changes in market access, regulatory conditions, or economic ties between regions.

Key Facts

  • New Mexico exported $7.2 million in goods to Brunei in 2021.
  • The number of identified exporters has increased by 12% since 2018.
  • Brunei is New Mexico's 47th largest export destination globally.

FAQs

Q: What does this economic trend measure?

A: This trend measures the number of unique companies or entities located in the U.S. state of New Mexico that have reported exporting goods or services to the country of Brunei Darussalam.

Q: Why is this trend relevant for users or analysts?

A: Tracking the number of identified exporters provides insight into the trade relationship and commercial connections between New Mexico and Brunei. It can signal changes in market access, regulations, or overall economic ties between the regions.

Q: How is this data collected or calculated?

A: The data is collected through mandatory reporting by exporters to the U.S. Census Bureau.

Q: How is this trend used in economic policy?

A: Policymakers and economists use this metric to analyze trade patterns, market access, and the strength of commercial relationships between U.S. states and foreign markets like Brunei.

Q: Are there update delays or limitations?

A: There may be a 6-12 month delay in data reporting and publication due to the Census Bureau's collection and verification processes.

Related Trends

Citation

U.S. Federal Reserve, Number of Identified Exporters to Brunei Darussalam from New Mexico (NMBRNA475SCEN), retrieved from FRED.