Value of Exports to Jamaica from New Mexico
NMJAMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
817,027.00
Year-over-Year Change
223.59%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Value of Exports to Jamaica from New Mexico' measures the dollar value of goods and services exported from the U.S. state of New Mexico to the Caribbean island nation of Jamaica. This economic indicator provides insight into trade flows and economic ties between the two regions.
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 total value of products and services exported from New Mexico to Jamaica, including agricultural goods, manufactured items, and professional services. It is an important metric for understanding regional trade patterns and the economic relationship between the two locations.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and trade analysts use this indicator to monitor the commercial activity and economic interdependence between New Mexico and Jamaica.
Key Facts
- New Mexico exported over $25 million in goods and services to Jamaica in 2021.
- Jamaica was the 35th largest export destination for products from New Mexico in 2020.
- The top exports from New Mexico to Jamaica include agricultural commodities, machinery, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total dollar value of goods and services exported from the U.S. state of New Mexico to the country of Jamaica.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and economic linkages between New Mexico and Jamaica, which is useful for policymakers, businesses, and economic researchers.
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: Governments, trade organizations, and analysts use this indicator to monitor commercial activity and economic interdependence between New Mexico and Jamaica.
Q: Are there update delays or limitations?
A: There may be delays of several months in the reporting of this data due to the time required for collection and processing by statistical agencies.
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Citation
U.S. Federal Reserve, Value of Exports to Jamaica from New Mexico (NMJAMA052SCEN), retrieved from FRED.