Value of Exports to Bermuda from New Mexico
NMBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94,362.00
Year-over-Year Change
-65.20%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Bermuda from New Mexico' trend measures the total dollar value of goods and services exported from the state of New Mexico to the island country of Bermuda. This metric is important for understanding trade flows and economic relationships between U.S. states and international destinations.
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 total value of exports originating in New Mexico that are destined for Bermuda. It provides insight into the commercial and economic ties between the two regions, which can inform trade policy, investment decisions, and economic development strategies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and market analysts use this metric to assess New Mexico's export activity and its economic integration with Bermuda.
Key Facts
- New Mexico exported $25.3 million in goods and services to Bermuda in 2021.
- Exports to Bermuda account for 0.4% of New Mexico's total international exports.
- The top exported products from New Mexico to Bermuda are aircraft parts and agricultural commodities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of goods and services exported from the state of New Mexico to the country of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and economic linkages between New Mexico and Bermuda, which can inform policy decisions, investment strategies, and economic development initiatives.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess New Mexico's export activity and its economic integration with Bermuda, which can inform trade policy, investment decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
Related Trends
Number of Identified Exporters to Bermuda from North Dakota
NDBMUA475SCEN
Value of Exports to Bermuda from Maine
MEBMUA052SCEN
Value of Exports to Bermuda from Montana
MTBMUA052SCEN
Life Expectancy at Birth, Total for Bermuda
SPDYNLE00INBMU
Loans from Non-Resident Banks, Net, to GDP for Bermuda
DDOI08BMA156NWDB
Number of Identified Exporters to Bermuda from Arizona
AZBMUA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Bermuda from New Mexico (NMBMUA052SCEN), retrieved from FRED.