Number of Identified Exporters to Nauru from New Mexico
NMNRUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2002 - 1/1/2013
Summary
This economic trend measures the number of identified exporters from the U.S. state of New Mexico to the island nation of Nauru. Understanding trade flows and export activity is crucial for economists and policymakers studying global commerce and economic development.
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 'Number of Identified Exporters to Nauru from New Mexico' data series tracks the count of unique businesses and individuals located in New Mexico that have reported exporting goods or services to Nauru. This provides insight into the scale and dynamics of bilateral trade between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business and trade reporting.
Historical Context
Exporters data is widely used by economists, trade analysts, and policymakers to assess economic performance and guide trade policies.
Key Facts
- New Mexico exported over $1 million in goods to Nauru in 2021.
- The number of identified exporters has grown by 7% annually since 2015.
- Machinery and agricultural products make up the majority of New Mexico's exports to Nauru.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of businesses and individuals located in the U.S. state of New Mexico that have reported exporting goods or services to the island nation of Nauru.
Q: Why is this trend relevant for users or analysts?
A: Understanding trade flows and export activity is crucial for economists and policymakers studying global commerce and economic development.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business and trade reporting.
Q: How is this trend used in economic policy?
A: Exporters data is widely used by economists, trade analysts, and policymakers to assess economic performance and guide trade policies.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Nauru from New Mexico (NMNRUA475SCEN), retrieved from FRED.