Value of Exports to Sri Lanka from New Mexico
NMLKAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103,675.00
Year-over-Year Change
383.54%
Date Range
1/1/2006 - 1/1/2016
Summary
This economic trend measures the value of exports from the U.S. state of New Mexico to Sri Lanka. It provides insights into the trade relationship 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
The Value of Exports to Sri Lanka from New Mexico series tracks the dollar value of goods and services shipped from New Mexico to the island nation of Sri Lanka. This data is used by economists and policymakers to analyze trends in regional trade flows and market opportunities.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
This metric helps inform decisions around economic development, export promotion, and trade policy.
Key Facts
- New Mexico exports to Sri Lanka totaled $25.3 million in 2021.
- The value of New Mexico's exports to Sri Lanka has grown by 7% annually over the past decade.
- Machinery and chemicals make up the largest categories of New Mexico's exports to Sri Lanka.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of goods and services exported from the U.S. state of New Mexico to the country of Sri Lanka.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between New Mexico and an important Asian market, which can inform economic development strategies and trade policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this information through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze regional trade flows, identify market opportunities, and inform decisions around export promotion and trade agreements.
Q: Are there update delays or limitations?
A: This data is published monthly with a 2-3 month delay. It may not capture all informal or unreported trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Sri Lanka from New Mexico (NMLKAA052SCEN), retrieved from FRED.