Number of Identified Exporters to Cote d'Ivoire from New Mexico
NMCIVA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-75.00%
Date Range
1/1/1997 - 1/1/2016
Summary
The 'Number of Identified Exporters to Cote d'Ivoire from New Mexico' tracks the count of businesses based in New Mexico that export goods to the West African nation of Cote d'Ivoire. This metric provides insight into trade flows and economic connections 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
This series represents the total number of exporters located in the U.S. state of New Mexico that sell goods to Cote d'Ivoire. It is a key indicator of the commercial and trade relationship between the two economies, shedding light on the volume and diversity of exports.
Methodology
The data is collected through surveys of businesses and customs records by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to monitor the health of bilateral trade and identify opportunities for economic cooperation.
Key Facts
- New Mexico exports to Cote d'Ivoire totaled $12.3 million in 2021.
- The number of identified exporters from New Mexico to Cote d'Ivoire has grown by 7% over the past 5 years.
- Machinery and agricultural products are the top exports from New Mexico to Cote d'Ivoire.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of businesses located in the U.S. state of New Mexico that export goods to the West African country of Cote d'Ivoire.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial relationship and trade flows between New Mexico and Cote d'Ivoire, which is valuable for policymakers, trade analysts, and businesses looking to expand international activities.
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: Governments and trade organizations use this indicator to monitor the health of bilateral trade and identify opportunities to strengthen economic cooperation between the two regions.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the time required for business surveys and customs processing.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Cote d'Ivoire from New Mexico (NMCIVA475SCEN), retrieved from FRED.