Value of Exports to Papua New Guinea from New Mexico
NMPNGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
201,796.00
Year-over-Year Change
-63.11%
Date Range
1/1/2006 - 1/1/2010
Summary
The 'Value of Exports to Papua New Guinea 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 Papua New Guinea. This metric is important for understanding trade flows and economic relationships between 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 tracks the total value of exports originating from New Mexico and destined for Papua New Guinea. It is part of the U.S. Census Bureau's state-level international trade data, which provides insight into state-specific export patterns and trade partner relationships.
Methodology
The data is collected through surveys of U.S. exporters and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this metric to assess the strength of economic ties between U.S. states and foreign markets.
Key Facts
- New Mexico exported $4.2 million in goods and services to Papua New Guinea in 2021.
- Papua New Guinea was the 79th largest export destination for New Mexico in 2021.
- Machinery and aircraft were top export categories from New Mexico to Papua New Guinea.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total dollar value of exports from the U.S. state of New Mexico to the country of Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and economic ties between a specific U.S. state and a foreign market, which is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the strength of economic relationships between U.S. states and foreign countries, which can inform trade policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reference period. State-level international trade data may also have limitations compared to national-level trade statistics.
Related Trends
Gross National Income for Papua New Guinea
MKTGNIPGA646NWDB
Value of Exports to Papua New Guinea from Washington
WAPNGA052SCEN
Outstanding International Public Debt Securities to GDP for Papua New Guinea
DDDM06PGA156NWDB
Bank Z-Score for Papua New Guinea
DDSI01PGA645NWDB
Number of Identified Exporters to Papua New Guinea from Kansas
KSPNGA475SCEN
Central Bank Assets to GDP for Papua New Guinea
DDDI06PGA156NWDB
Citation
U.S. Census Bureau, Value of Exports to Papua New Guinea from New Mexico (NMPNGA052SCEN), retrieved from FRED.