Value of Exports to Panama from New Mexico
NMPANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,471,090.00
Year-over-Year Change
439.59%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Panama 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 Panama. This metric is important for understanding bilateral trade flows and regional economic integration.
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 tracks the dollar value of all products and services exported from New Mexico businesses and producers to customers in Panama. It provides insight into the commercial relationship and trade patterns between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and trade analysts use this series to monitor the health of New Mexico's export economy and its engagement with the Panamanian market.
Key Facts
- New Mexico exported $72.3 million worth of goods to Panama in 2021.
- Top exports include machinery, agricultural products, and chemicals.
- Panama is New Mexico's 27th largest export destination globally.
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 Panama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial relationship and trade patterns between New Mexico and Panama, which is important for understanding regional economic integration and bilateral trade flows.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this series to monitor the health of New Mexico's export economy and its engagement with the Panamanian market.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Value of Exports to Panama from New Mexico (NMPANA052SCEN), retrieved from FRED.