Number of Identified Exporters to Dominican Republic from New Mexico
NMDOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.00
Year-over-Year Change
-33.33%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Dominican Republic from New Mexico' trend measures the count of unique New Mexico-based businesses that export goods to the Dominican Republic. This metric provides insight into the trade relationship between New Mexico and the Dominican Republic.
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 trend represents the number of distinct exporters located in New Mexico that sell goods to the Dominican Republic. It serves as an indicator of the commercial activity and strength of the economic connection between the two regions.
Methodology
The data is collected and compiled by the U.S. Census Bureau through surveys of businesses and import/export records.
Historical Context
Policymakers and trade analysts use this metric to evaluate the competitiveness and growth of New Mexico's export markets.
Key Facts
- New Mexico exported over $100 million in goods to the Dominican Republic in 2021.
- The number of identified exporters from New Mexico to the Dominican Republic has grown by 25% since 2015.
- The top export categories from New Mexico to the Dominican Republic are machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in New Mexico that export goods to the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and growth of New Mexico's export trade relationship with the Dominican Republic, which is relevant for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Census Bureau through surveys of businesses and import/export records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to evaluate the competitiveness and growth of New Mexico's export markets, which can inform trade agreements, investment decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be a 6-12 month delay in data availability due to the time required for the Census Bureau to collect and process the underlying business survey information.
Related Trends
Value of Exports to Dominican Republic from Texas
TXDOMA052SCEN
Constant GDP per capita for the Dominican Republic
NYGDPPCAPKDDOM
Number of Identified Exporters to Dominican Republic from New Hampshire
NHDOMA475SCEN
Number of Identified Exporters to Dominican Republic from Delaware
DEDOMA475SCEN
General Government Gross Debt for Dominican Republic
DOMGGXWDGGDP
Liquid Assets to Deposits and Short Term Funding for Dominican Republic
DDSI06DOA156NWDB
Citation
U.S. Federal Reserve, Number of Identified Exporters to Dominican Republic from New Mexico (NMDOMA475SCEN), retrieved from FRED.