Value of Exports to Czech Republic from New Mexico
NMCZEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,413,924.00
Year-over-Year Change
332.82%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Value of Exports to Czech Republic from New Mexico' measures the total value of goods and services exported from New Mexico to the Czech Republic. This metric is important for economists and policymakers to understand trade flows and commercial relationships between U.S. states and international markets.
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 tracks the dollar value of all products and services exported from the state of New Mexico to the Czech Republic. It is used to analyze trends in a state's international trade activities and strategic commercial partnerships.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Historical Context
Policymakers use this metric to inform trade, economic development, and international relations strategies.
Key Facts
- New Mexico exported $31.2 million in goods and services to the Czech Republic in 2021.
- Exports from New Mexico to the Czech Republic have grown by 8% annually over the past 5 years.
- The top export categories from New Mexico to the Czech Republic are machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of all goods and services exported from the state of New Mexico to the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding trade flows and commercial relationships between U.S. states and international markets, which informs economic development and trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to inform trade, economic development, and international relations strategies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, and may be subject to revisions based on updated survey responses.
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Citation
U.S. Federal Reserve, Value of Exports to Czech Republic from New Mexico (NMCZEA052SCEN), retrieved from FRED.