Value of Exports to Hong Kong from New Mexico
NMHKGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,279,522.00
Year-over-Year Change
92.52%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Hong Kong from New Mexico measures the dollar value of goods and services exported from New Mexico to Hong Kong. This metric is important for understanding New Mexico's trade dynamics and economic ties with a major global market.
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 data series tracks the total value of exports from the U.S. state of New Mexico to the special administrative region of Hong Kong. It provides insights into the scale and composition of New Mexico's trade relationships with one of the world's leading financial and commercial centers.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and economists use this metric to assess New Mexico's export performance and competitiveness in the global marketplace.
Key Facts
- New Mexico exported $305 million worth of goods and services to Hong Kong in 2020.
- Hong Kong was the 5th largest export destination for New Mexico in 2020.
- Exports to Hong Kong account for 3.2% of New Mexico's total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of New Mexico to the special administrative region of Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into New Mexico's trade dynamics and economic ties with a major global market, which is important for understanding the state's export performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess New Mexico's export performance and competitiveness in the global marketplace.
Q: Are there update delays or limitations?
A: The data is subject to typical delays in government statistical reporting, with the most recent data typically available with a 1-2 month lag.
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Citation
U.S. Federal Reserve, Value of Exports to Hong Kong from New Mexico (NMHKGA052SCEN), retrieved from FRED.