Value of Exports to Philippines from New Mexico
NMPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,767,782.00
Year-over-Year Change
536.88%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from New Mexico' metric tracks the dollar value of goods and services exported from the state of New Mexico to the Philippines. This provides insight into trade flows and economic relationships 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 series represents the total value of exports originating from New Mexico and destined for the Philippines. It is used by economists, policymakers, and businesses to analyze trade dynamics, identify market opportunities, and understand the broader economic ties between the two locations.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other international trade reporting.
Historical Context
This export data informs discussions around bilateral trade agreements, industry-specific export strategies, and the broader economic relationship between New Mexico and the Philippines.
Key Facts
- New Mexico's exports to the Philippines totaled $123 million in 2021.
- The top exported products from New Mexico to the Philippines are agricultural goods and machinery.
- Philippine imports from New Mexico have grown by 8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of goods and services exported from the U.S. state of New Mexico to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship and economic ties between New Mexico and the Philippines, which is useful for policymakers, businesses, and economists analyzing regional and international commerce.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data based on customs declarations and other international trade reporting.
Q: How is this trend used in economic policy?
A: This export data informs discussions around bilateral trade agreements, industry-specific export strategies, and the broader economic relationship between New Mexico and the Philippines.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag. State-level export figures may have higher variability and be subject to revisions compared to national-level trade statistics.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from New Mexico (NMPHLA052SCEN), retrieved from FRED.