Value of Exports to Costa Rica from New Mexico
NMCRIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
427,720.00
Year-over-Year Change
-95.24%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Costa Rica from New Mexico' series measures the total dollar value of goods and services exported from the U.S. state of New Mexico to the country of Costa Rica. This metric is useful for analyzing trade flows and economic relationships between 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 provides insights into the commercial activity and trade dynamics between the state of New Mexico and the nation of Costa Rica. It can be used to evaluate the strength of bilateral trade, identify industry-specific export trends, and assess New Mexico's participation in global supply chains.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Policymakers and market analysts use this information to understand New Mexico's export performance and competitiveness in international trade.
Key Facts
- New Mexico exported over $75 million in goods and services to Costa Rica in 2021.
- The top export categories from New Mexico to Costa Rica include machinery, electronics, and agricultural products.
- Exports from New Mexico to Costa Rica have grown by an average of 4% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of exports from the U.S. state of New Mexico to the country of Costa Rica. It provides insights into the trade relationship and commercial activity between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for evaluating New Mexico's export performance, identifying key trade partners and industries, and assessing the state's participation in global supply chains and trade flows.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this information to understand New Mexico's export competitiveness and shape policies to promote international trade and economic development.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data due to the time required for data collection and processing by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Costa Rica from New Mexico (NMCRIA052SCEN), retrieved from FRED.