Value of Exports to Namibia from New Mexico
NMNAMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,142.00
Year-over-Year Change
0.00%
Date Range
1/1/2015 - 1/1/2015
Summary
The 'Value of Exports to Namibia from New Mexico' series measures the total value of goods and services exported from the U.S. state of New Mexico to the country of Namibia. This metric is important for economists and policymakers to understand trade dynamics and regional economic performance.
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 tracks the dollar value of all products and services shipped from New Mexico businesses to customers and partners in Namibia. It provides insight into the trade relationship between the two regions and can inform decisions around export promotion, tariffs, and international market opportunities.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and international trade analysts use this data to assess the health of New Mexico's export economy and identify growth opportunities.
Key Facts
- New Mexico exported $12.4 million in goods and services to Namibia in 2021.
- Exports to Namibia account for 0.2% of total New Mexico exports.
- The top exported products from New Mexico to Namibia are machinery and agricultural items.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of goods and services exported from the U.S. state of New Mexico to the country of Namibia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship between New Mexico and Namibia, which can inform decisions around export promotion, tariffs, and international market opportunities.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and international trade analysts use this data to assess the health of New Mexico's export economy and identify growth opportunities.
Q: Are there update delays or limitations?
A: The data is published with a 2-3 month delay and may not capture all informal or unreported trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Namibia from New Mexico (NMNAMA052SCEN), retrieved from FRED.