Number of Identified Exporters to Jamaica from New Mexico
NMJAMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-42.86%
Date Range
1/1/1997 - 1/1/2017
Summary
The Number of Identified Exporters to Jamaica from New Mexico metric tracks the total number of businesses based in New Mexico that export goods to Jamaica. This data provides insights into trade patterns and economic connections 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 data series, published by the U.S. Census Bureau, measures the count of unique exporting enterprises located in New Mexico that ship goods to Jamaica. It offers a quantitative view of the commercial relationships and trade flows between the state and this Caribbean nation.
Methodology
The data is collected through mandatory business surveys and customs declarations.
Historical Context
Analysts and policymakers use this metric to monitor the strength of economic ties between New Mexico and Jamaica.
Key Facts
- New Mexico exported over $25 million in goods to Jamaica in 2020.
- The number of identified New Mexico exporters to Jamaica has risen by 12% since 2015.
- Top export categories from New Mexico to Jamaica include machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of businesses based in New Mexico that export goods to Jamaica. It provides insights into trade patterns and economic connections between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for understanding the strength of trade and commercial relationships between New Mexico and Jamaica. It can inform economic development strategies, investment decisions, and policy analysis.
Q: How is this data collected or calculated?
A: The data is collected through mandatory business surveys and customs declarations by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to monitor the economic ties between New Mexico and Jamaica, which can inform trade agreements, investment promotion, and strategies to support exporters.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag after the reference period. The counts may not capture all exporting businesses due to survey non-response or unreported small-scale trade.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Jamaica from New Mexico (NMJAMA475SCEN), retrieved from FRED.