Number of Identified Exporters to Colombia from New Mexico
NMCOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.00
Year-over-Year Change
187.50%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Colombia from New Mexico' trend measures the count of businesses based in New Mexico that export goods to Colombia. This provides insight into cross-border trade and economic integration 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 economic indicator tracks the number of unique New Mexico-based companies that have reported exporting products or services to Colombia. It is used by economists and policymakers to assess the strength of commercial ties and identify trends in the state's international trade activities.
Methodology
The data is collected through surveys of businesses and customs declarations.
Historical Context
Monitoring exporter counts can inform trade policy decisions and investment strategies.
Key Facts
- New Mexico exported over $200 million in goods to Colombia in 2021.
- The number of identified New Mexico exporters to Colombia has grown by 15% since 2015.
- Top export categories include machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Identified Exporters to Colombia from New Mexico' tracks the count of businesses based in New Mexico that export goods or services to Colombia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the strength of trade ties between New Mexico and Colombia, which is useful for economists, policymakers, and businesses analyzing regional economic integration and international commerce.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Monitoring exporter counts can inform trade policy decisions and investment strategies for government agencies, industry groups, and individual companies.
Q: Are there update delays or limitations?
A: There may be lags in reporting and potential undercounting of smaller or informal exporters, but the data still provides a reliable indicator of broader trends.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from New Mexico (NMCOLA475SCEN), retrieved from FRED.