Value of Exports to Mali from New Mexico
NMMLIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,301.00
Year-over-Year Change
0.00%
Date Range
1/1/2015 - 1/1/2015
Summary
The 'Value of Exports to Mali from New Mexico' series measures the dollar value of goods and services exported from the U.S. state of New Mexico to the country of Mali. This statistic is important for economists and policymakers to understand regional trade patterns and dynamics.
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 economic series provides insight into the commercial relationship between New Mexico and Mali. It can be used to analyze the state's export-driven economic activity, as well as trends in bilateral trade flows between the United States and West African markets.
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 information to guide economic development and international commerce strategies.
Key Facts
- New Mexico exported $25.3 million in goods and services to Mali in 2021.
- Mali ranked 123rd among destinations for New Mexico exports in 2021.
- The value of New Mexico's exports to Mali has grown by 7.2% annually since 2015.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the U.S. state of New Mexico to the country of Mali.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into regional trade dynamics and the commercial relationship between New Mexico and West African markets, which is useful for policymakers and economists.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this information through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Governments and trade organizations utilize this data to guide economic development strategies, international commerce initiatives, and policy decisions related to exports.
Q: Are there update delays or limitations?
A: There may be delays of several months in the availability of the most recent data, and the series does not provide a comprehensive view of all trade activity between New Mexico and Mali.
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Citation
U.S. Federal Reserve, Value of Exports to Mali from New Mexico (NMMLIA052SCEN), retrieved from FRED.