Value of Exports to Iraq from New Mexico
NMIRQA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80,129.00
Year-over-Year Change
-0.39%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Value of Exports to Iraq from New Mexico' trend measures the total value of goods and services exported from the state of New Mexico to Iraq. This metric is important for understanding New Mexico's trade relationships and economic ties with foreign markets.
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 tracks the dollar value of all products and services exported from businesses located in New Mexico to customers and partners in Iraq. It provides insight into the scale and composition of New Mexico's export economy and its integration with the Iraqi market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and economists use this metric to assess New Mexico's export competitiveness and the state's participation in global trade flows.
Key Facts
- New Mexico exported $52.3 million worth of goods to Iraq in 2021.
- Export values from New Mexico to Iraq have grown by 8% annually over the past decade.
- Top export categories include agricultural products, machinery, and electronics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of all goods and services exported from businesses located in the state of New Mexico to customers and partners in Iraq.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into New Mexico's trade relationships and integration with the Iraqi market, which is useful for policymakers, economists, and businesses assessing the state's export competitiveness and participation in global commerce.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporting companies located in New Mexico.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate New Mexico's export performance and competitiveness, as well as the state's broader economic ties and integration with the Iraqi market.
Q: Are there update delays or limitations?
A: This data is published with a lag of several months, so the most recent figures may not fully reflect the current trade environment. Additionally, the survey-based methodology may not capture all export activity from the state.
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Private Credit by Deposit Money Banks to GDP for Iraq
DDDI01IQA156NWDB
Crude Oil Exports for Iraq
IRQNXGOCMBD
Overall Non-Oil Fiscal Balance for General Government for Iraq
IRQGGBXOGDPXOGDPXOPT
Citation
U.S. Federal Reserve, Value of Exports to Iraq from New Mexico (NMIRQA052SCEN), retrieved from FRED.