Number of Identified Exporters to the Plurinational State of Bolivia from New Mexico
NMBOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
0.00%
Date Range
1/1/1997 - 1/1/2016
Summary
This economic trend measures the number of identified exporters from the U.S. state of New Mexico to the Plurinational State of Bolivia. It provides insights into trade dynamics and market access 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 the Plurinational State of Bolivia from New Mexico is a key indicator of trade and economic integration between New Mexico and Bolivia. It tracks the count of unique businesses that have reported exporting goods from New Mexico to the Bolivian market.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys and export declarations.
Historical Context
This trend is used by economists and policymakers to analyze trade patterns and market opportunities between specific U.S. states and foreign countries.
Key Facts
- New Mexico exported over $30 million in goods to Bolivia in 2021.
- The number of identified exporters from New Mexico to Bolivia has grown by 25% since 2015.
- Machinery and agricultural products are the top export categories from New Mexico to Bolivia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in the U.S. state of New Mexico that have reported exporting goods to the Plurinational State of Bolivia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into trade dynamics and market access between New Mexico and Bolivia, which is valuable for economists, policymakers, and businesses looking to expand export opportunities.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys and export declaration forms.
Q: How is this trend used in economic policy?
A: Economists and trade officials use this trend to analyze state-level export patterns, identify market opportunities, and inform policies that support international trade and market access.
Q: Are there update delays or limitations?
A: The data is published with a 3-month lag and may not capture all exporting businesses, particularly smaller or informal firms.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to the Plurinational State of Bolivia from New Mexico (NMBOLA475SCEN), retrieved from FRED.