Value of Exports to Dominican Republic from New Mexico
NMDOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,790,944.00
Year-over-Year Change
370.42%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Dominican Republic from New Mexico' economic trend measures the total value of goods and services exported from the U.S. state of New Mexico to the Dominican Republic. This data is important for understanding regional trade patterns and economic relationships.
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 monetary value of all products and services that are transported from New Mexico to the Dominican Republic. Economists and policymakers analyze this data to assess the strength of the trade relationship between the two locations and identify potential areas for growth or changes in the trade balance.
Methodology
The data is collected and published by the U.S. Census Bureau through its state export series.
Historical Context
This export data is used to inform trade policy decisions and investment strategies related to the New Mexico-Dominican Republic economic corridor.
Key Facts
- New Mexico's exports to the Dominican Republic totaled $24.7 million in 2021.
- The top exported products from New Mexico to the Dominican Republic are machinery, chemicals, and transportation equipment.
- The Dominican Republic is New Mexico's 44th largest export market globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the U.S. state of New Mexico to the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding regional trade patterns and the economic relationship between New Mexico and the Dominican Republic, which can inform trade policy and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through its state export series.
Q: How is this trend used in economic policy?
A: This export data is used to inform trade policy decisions and investment strategies related to the New Mexico-Dominican Republic economic corridor.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture the most recent changes in the trade relationship.
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Citation
U.S. Federal Reserve, Value of Exports to Dominican Republic from New Mexico (NMDOMA052SCEN), retrieved from FRED.