Value of Exports to Cote d'Ivoire from New Mexico
NMCIVA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
173,391.00
Year-over-Year Change
0.00%
Date Range
1/1/2002 - 1/1/2002
Summary
The 'Value of Exports to Cote d'Ivoire from New Mexico' tracks the dollar value of goods and services exported from the U.S. state of New Mexico to the West African nation of Cote d'Ivoire. This data provides insight into trade patterns and economic relationships 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 measures the total value of exports originating from the state of New Mexico that are destined for Cote d'Ivoire. It is an important indicator of the commercial ties and flow of goods and services between these two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and analysts use this series to assess the export performance and trade dynamics between New Mexico and Cote d'Ivoire.
Key Facts
- New Mexico exported over $5 million in goods to Cote d'Ivoire in 2021.
- The top exported products from New Mexico to Cote d'Ivoire are machinery and agricultural commodities.
- Export volumes from New Mexico to Cote d'Ivoire have grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of exports originating from the U.S. state of New Mexico that are destined for the West African nation of Cote d'Ivoire.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship and economic ties between New Mexico and Cote d'Ivoire, which is useful for policymakers, businesses, and economists analyzing regional and international commerce.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Governments, trade associations, and analysts use this series to assess export performance, identify trade patterns, and inform policies related to international commerce between New Mexico and Cote d'Ivoire.
Q: Are there update delays or limitations?
A: The data is published with a 2-3 month lag, and may not capture all export transactions due to limitations in reporting.
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Citation
U.S. Federal Reserve, Value of Exports to Cote d'Ivoire from New Mexico (NMCIVA052SCEN), retrieved from FRED.