Value of Exports to Nicaragua from New Mexico
NMNICA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,260,636.00
Year-over-Year Change
972.69%
Date Range
1/1/2008 - 1/1/2017
Summary
The 'Value of Exports to Nicaragua from New Mexico' metric tracks the dollar value of goods and services exported from the U.S. state of New Mexico to the country of Nicaragua. This data provides insights into bilateral trade flows 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 indicator represents the monetary value of all products and services that originate in New Mexico and are sold to buyers located in Nicaragua. It is an important measure of the commercial relationship and integration between the two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau based on surveys of exporting businesses.
Historical Context
Policy analysts and trade experts use this metric to assess the state of economic ties between New Mexico and Nicaragua.
Key Facts
- New Mexico exported $52.4 million in goods and services to Nicaragua in 2021.
- Exports to Nicaragua account for 0.8% of all international trade from New Mexico.
- Top exports from New Mexico to Nicaragua include machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of all products and services exported from the U.S. state of New Mexico to the country of Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: The 'Value of Exports to Nicaragua from New Mexico' data provides insights into the commercial relationship and level of economic integration between the two regions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this information through surveys of exporting businesses located in New Mexico.
Q: How is this trend used in economic policy?
A: Policymakers and trade experts analyze this metric to assess the state of bilateral commerce between New Mexico and Nicaragua and inform decisions around economic policies and commercial agreements.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay and may not capture all export activity due to limitations in survey coverage.
Related Trends
Bank Lending Deposit Spread for Nicaragua
DDEI02NIA156NWDB
Value of Exports to Nicaragua from Massachusetts
MANICA052SCEN
Cash surplus/deficit (% of GDP) for Nicaragua
CASHBLNIA188A
Use of Financial Services: Number of Loan Accounts for Households at Commercial Banks for Nicaragua
NICFCNODCHNUM
Number of Identified Exporters to Nicaragua from Hawaii
HINICA475SCEN
Value of Exports to Nicaragua from Minnesota
MNNICA052SCEN
Citation
U.S. Federal Reserve, Value of Exports to Nicaragua from New Mexico (NMNICA052SCEN), retrieved from FRED.