Number of Identified Exporters to Philippines from New Mexico
NMPHLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
5.56%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Philippines from New Mexico' trend measures the count of businesses based in New Mexico that export goods to the Philippines. This metric is important for understanding trade dynamics and regional economic activity.
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 series tracks the number of unique exporters located in the state of New Mexico who sell products to the Philippines market. It provides insight into the scale and composition of trade relationships between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and international trade records.
Historical Context
Policymakers and trade analysts use this metric to assess the health of New Mexico's export-oriented industries and their integration with global markets.
Key Facts
- New Mexico exported $206 million in goods to the Philippines in 2021.
- The number of identified exporters from New Mexico to the Philippines has grown by 12% since 2015.
- Top export categories include agricultural products, machinery, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in the state of New Mexico that export goods to the Philippines market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and composition of trade relationships between New Mexico and the Philippines, which is important for understanding regional economic activity and dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and international trade records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess the health of New Mexico's export-oriented industries and their integration with global markets.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data due to the time required for business surveys and trade record compilation.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Philippines from New Mexico (NMPHLA475SCEN), retrieved from FRED.