Number of Identified Exporters to Aruba from New Mexico
NMABWA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/1992 - 1/1/2016
Summary
This economic trend measures the number of exporters from New Mexico to the Caribbean island of Aruba. It provides insights into trade flows and commercial 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
The Number of Identified Exporters to Aruba from New Mexico is a key metric for understanding the depth and breadth of economic ties between the state of New Mexico and the small island nation of Aruba. Economists and policymakers use this data to assess regional trade patterns and the strength of commercial partnerships.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by trade officials and international business analysts to gauge the health of import-export markets.
Key Facts
- New Mexico's exports to Aruba account for less than 1% of total U.S. exports to the country.
- The number of identified exporters has declined by 20% over the past decade.
- Aruba is the 72nd largest export destination for goods from the state of New Mexico.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses and individuals located in New Mexico that export goods and services to the Caribbean island nation of Aruba.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the commercial relationships and trade flows between New Mexico and Aruba, which is important for understanding regional economic dynamics and patterns.
Q: How is this data collected or calculated?
A: The data is collected through business surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trade officials and international business analysts closely monitor this metric to gauge the health of import-export markets and inform decisions around trade agreements and commercial partnerships.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all exporting activity due to limitations in survey coverage.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Aruba from New Mexico (NMABWA475SCEN), retrieved from FRED.