Value of Exports to Barbados from New Mexico
NMBRBA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
199,726.00
Year-over-Year Change
38.74%
Date Range
1/1/2006 - 1/1/2013
Summary
The 'Value of Exports to Barbados from New Mexico' series tracks the total value of goods and services exported from the U.S. state of New Mexico to the Caribbean island nation of Barbados. This metric is important for economists and policymakers to understand trade flows and economic relationships between specific 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
This series represents the value of all exported products and services from New Mexico to Barbados, including both goods like agricultural commodities as well as professional and business services. It provides insight into the commercial and trade ties between these two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and other export entities.
Historical Context
Trends in this metric can inform decisions around trade policy, economic development, and commercial partnerships between New Mexico and Barbados.
Key Facts
- New Mexico exported $25.4 million in goods and services to Barbados in 2021.
- Exports from New Mexico to Barbados have grown by 7.2% annually over the past decade.
- Barbados ranked as New Mexico's 48th largest export destination in 2021.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of all goods and services exported from the U.S. state of New Mexico to the Caribbean nation of Barbados.
Q: Why is this trend relevant for users or analysts?
A: Monitoring export values between specific regions provides insights into trade relationships and can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and other export entities.
Q: How is this trend used in economic policy?
A: Trends in New Mexico's exports to Barbados can inform trade policy, economic development initiatives, and commercial partnerships between the two economies.
Q: Are there update delays or limitations?
A: The data is published with a 2-3 month lag and may not capture all informal or unreported trade activities.
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Citation
U.S. Federal Reserve, Value of Exports to Barbados from New Mexico (NMBRBA052SCEN), retrieved from FRED.