Value of Exports to Bangladesh from New Mexico
NMBGDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132,223.00
Year-over-Year Change
-76.38%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Bangladesh from New Mexico' series measures the dollar value of goods exported from the state of New Mexico to Bangladesh. This metric is important for understanding New Mexico's international trade patterns and economic relationships.
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 data series tracks the exports of physical goods, such as agricultural products, machinery, and chemicals, from New Mexico to the Bangladesh market. It provides insight into the commercial and economic ties between New Mexico and one of the world's largest and fastest-growing economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and economists use this series to analyze New Mexico's export performance and assess the state's competitiveness in global markets.
Key Facts
- New Mexico exported $42.7 million worth of goods to Bangladesh in 2021.
- Bangladesh was New Mexico's 44th largest export destination in 2021.
- Top exported products from New Mexico to Bangladesh include agricultural goods and machinery.
FAQs
Q: What does this economic trend measure?
A: This series measures the dollar value of physical goods exported from the U.S. state of New Mexico to the country of Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into New Mexico's international trade patterns and economic relationships, which is important for policymakers and economists analyzing the state's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to assess New Mexico's export performance and competitiveness in global markets, which informs economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several months, so there may be a delay in reflecting the most recent trade patterns.
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Citation
U.S. Federal Reserve, Value of Exports to Bangladesh from New Mexico (NMBGDA052SCEN), retrieved from FRED.