Value of Exports to Colombia from New Mexico
NMCOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,157,236.00
Year-over-Year Change
1154.38%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Colombia from New Mexico' measures the dollar value of merchandise exports from the state of New Mexico to the country of Colombia. This metric is useful for analyzing trade flows and economic ties 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 value of goods and commodities exported from New Mexico to Colombia. It is an important indicator of the commercial relationship and economic integration between the two areas.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and trade analysts use this metric to monitor the health of the export economy and identify trends in international commerce.
Key Facts
- New Mexico exported over $78 million in goods to Colombia in 2021.
- Exports to Colombia account for about 2.5% of total New Mexico exports.
- Machinery and transportation equipment are top export categories.
FAQs
Q: What does this economic trend measure?
A: This series measures the dollar value of merchandise exports from the state of New Mexico to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for analyzing trade flows and economic ties between New Mexico and Colombia, providing insight into the commercial relationship between the two regions.
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: Policymakers and trade analysts use this metric to monitor the health of New Mexico's export economy and identify trends in international commerce.
Q: Are there update delays or limitations?
A: The data is subject to the typical publication schedule and potential revisions of U.S. Census Bureau trade statistics.
Related Trends
Use of Financial Services: Key Indicators, Loan Accounts with Commercial Banks Per 1,000 Adults for Colombia
COLFCNODCANUM
Value of Exports to Colombia from North Dakota
NDCOLA052SCEN
Number of Identified Exporters to Colombia from District of Columbia
DCCOLA475SCEN
Number of Identified Exporters to Colombia from North Dakota
NDCOLA475SCEN
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Colombia
COLCP050000IXOBM
Use of Financial Services: Number of Loan Accounts at Credit Unions and Financial Cooperatives for Colombia
COLFCNODUNUM
Citation
U.S. Federal Reserve, Value of Exports to Colombia from New Mexico (NMCOLA052SCEN), retrieved from FRED.