Value of Exports to Singapore from New Mexico
NMSGPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80,608,180.00
Year-over-Year Change
691.11%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Singapore from New Mexico' series measures the total value of goods exported from New Mexico to Singapore. This metric is important for understanding trade flows and competitiveness between regional economies.
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 series tracks the monetary value of physical goods and commodities exported from the state of New Mexico to the country of Singapore. It provides insights into the trade relationship and economic connections between these geographic regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policy makers and market analysts use this series to assess regional trade patterns and economic interdependence.
Key Facts
- New Mexico exported $52.8 million in goods to Singapore in 2021.
- Semiconductors and electronic components are a major export category.
- Trade with Singapore represents 1.2% of New Mexico's total exports.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of physical goods and commodities exported from the state of New Mexico to the country of Singapore.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship and economic connections between New Mexico and Singapore, which is useful for understanding regional trade flows and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policy makers and market analysts use this series to assess regional trade patterns and economic interdependence between New Mexico and Singapore.
Q: Are there update delays or limitations?
A: There may be delays in data availability due to the time required for businesses to report and the Census Bureau to compile the information.
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Citation
U.S. Federal Reserve, Value of Exports to Singapore from New Mexico (NMSGPA052SCEN), retrieved from FRED.