Number of Identified Exporters to Bangladesh from New Mexico
NMBGDA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
50.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Bangladesh from New Mexico' trend measures the count of businesses based in New Mexico that have reported exporting goods or services to Bangladesh. This metric provides insight into the economic ties and trade flows between the state and the South Asian country.
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 New Mexico-based companies that have declared exporting activities to Bangladesh. It serves as an indicator of the scale and trends in commercial exchange between the two regions, which can inform economic analysts and policymakers about trade patterns and opportunities.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Census Bureau.
Historical Context
This metric is used by economists and trade officials to monitor the state's export performance and competitiveness in international markets.
Key Facts
- New Mexico exported $130 million worth of goods to Bangladesh in 2021.
- The number of identified exporters from New Mexico to Bangladesh has grown by 7% over the past 5 years.
- Computer and electronic products make up the largest share of New Mexico's exports to Bangladesh.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses based in the U.S. state of New Mexico that have reported exporting goods or services to Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and trends of commercial exchange between New Mexico and Bangladesh, which can inform economic analysts and policymakers about trade patterns and opportunities.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric is used by economists and trade officials to monitor the state's export performance and competitiveness in international markets.
Q: Are there update delays or limitations?
A: The data is published with a lag, so there may be a delay in reflecting the most recent trade activities.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Bangladesh from New Mexico (NMBGDA475SCEN), retrieved from FRED.