Number of Identified Exporters to Morocco from New Mexico
NMMARA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
100.00%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Number of Identified Exporters to Morocco from New Mexico' is an economic indicator that tracks the count of businesses based in New Mexico that export goods to Morocco. This metric 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
This data series, published by the U.S. Census Bureau, measures the number of distinct exporters located in the state of New Mexico that have shipped products to Morocco. It offers a gauge of the commercial activity and economic linkages between the two markets.
Methodology
The data is collected through mandatory customs reporting and exporter surveys conducted by the Census Bureau.
Historical Context
This export data is used by policymakers, trade analysts, and businesses to monitor trends in international commerce.
Key Facts
- New Mexico exported $58 million in goods to Morocco in 2021.
- The number of identified exporters has increased by 12% over the past 5 years.
- Top export categories include agricultural products, chemicals, and machinery.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of distinct businesses based in New Mexico that export goods to Morocco. It provides a count of active exporters between the two markets.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into the trade relationship and commercial activity between New Mexico and Morocco. It is useful for policymakers, economists, and businesses monitoring international commerce patterns.
Q: How is this data collected or calculated?
A: The data is collected through mandatory customs reporting and exporter surveys conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This export data is used by trade analysts and policymakers to assess the strength of commercial ties between New Mexico and Morocco, and to inform decisions around trade agreements and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a 1-2 month lag. Limitations include only capturing formal, reported exporter activity, and not tracking informal or unreported trade.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Morocco from New Mexico (NMMARA475SCEN), retrieved from FRED.