Value of Exports to Denmark from New Mexico
NMDNKA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,555,727.00
Year-over-Year Change
56.87%
Date Range
1/1/2003 - 1/1/2017
Summary
This economic trend tracks the value of exports from the state of New Mexico to Denmark. It provides insight into trade dynamics between the two regions and is relevant for policymakers and analysts assessing regional trade patterns.
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
The 'Value of Exports to Denmark from New Mexico' series measures the dollar value of goods and services exported from the state of New Mexico to the country of Denmark. This data point is used to analyze trade flows, regional economic activity, and the strength of commercial relationships between the two areas.
Methodology
The data is collected through customs records and surveys of businesses by the U.S. Census Bureau.
Historical Context
This export value trend is relevant for assessing the commercial and diplomatic ties between New Mexico and Denmark, as well as informing economic policies that may impact regional trade.
Key Facts
- New Mexico exported $72.4 million worth of goods to Denmark in 2021.
- Exports to Denmark account for 2.1% of New Mexico's total international trade.
- The top exported products from New Mexico to Denmark are aerospace equipment and agricultural commodities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of exports from the state of New Mexico to the country of Denmark. It provides insight into the trade relationship between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This export value trend is relevant for assessing commercial ties, regional economic activity, and informing trade and economic policies between New Mexico and Denmark.
Q: How is this data collected or calculated?
A: The data is collected through customs records and surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This export value trend is used by policymakers and analysts to understand regional trade patterns and dynamics, which can inform economic policies that impact commercial relationships between New Mexico and Denmark.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this export data due to the time required for data collection and compilation by statistical agencies.
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Citation
U.S. Federal Reserve, Value of Exports to Denmark from New Mexico (NMDNKA052SCEN), retrieved from FRED.