Number of Identified Exporters to Rwanda from New Mexico
NMRWAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2006 - 1/1/2016
Summary
The Number of Identified Exporters to Rwanda from New Mexico tracks the count of businesses located in New Mexico that export goods to Rwanda, a key economic indicator for trade 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 series measures the number of exporters from the U.S. state of New Mexico that sell goods and services to the East African country of Rwanda. It provides insight into the commercial relationships and trade flows between these two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
Policymakers and economists use this metric to analyze trends in New Mexico's export activity and commercial ties with the Rwandan market.
Key Facts
- New Mexico exported over $2.5 million in goods to Rwanda in 2020.
- The number of identified New Mexico exporters to Rwanda has increased by 15% since 2015.
- Top export categories from New Mexico to Rwanda include machinery, agricultural products, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in the U.S. state of New Mexico that export goods and services to the country of Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade and commercial relationships between the economies of New Mexico and Rwanda, which is useful for policymakers, economists, and businesses interested in understanding regional export patterns.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze trends in New Mexico's export activity and commercial ties with the Rwandan market, which can inform trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential limitations in capturing all exporters, as the data relies on business surveys.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Rwanda from New Mexico (NMRWAA475SCEN), retrieved from FRED.