Number of Identified Exporters to Taiwan from New Mexico
NMTWNA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.00
Year-over-Year Change
8.51%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Number of Identified Exporters to Taiwan from New Mexico' measures the count of businesses in New Mexico that export goods and services to Taiwan. This is an important economic indicator for understanding trade relationships and market access.
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 number of unique exporters based in New Mexico that are actively shipping products or services to Taiwan. It provides insights into the scale and diversity of trade links between the state and this key international market.
Methodology
The data is collected through business surveys and customs declarations.
Historical Context
Policymakers and trade analysts use this metric to assess the export competitiveness of New Mexico businesses.
Key Facts
- New Mexico exported over $200 million in goods to Taiwan in 2021.
- The number of identified exporters has increased by 12% over the past 5 years.
- Taiwan is New Mexico's 4th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses based in New Mexico that are actively exporting goods or services to Taiwan.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the scale and diversity of trade relationships between New Mexico and a key international market, Taiwan.
Q: How is this data collected or calculated?
A: The data is collected through business surveys and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess the export competitiveness of New Mexico businesses and the strength of the state's trade links with Taiwan.
Q: Are there update delays or limitations?
A: The data is published with a 3-month lag and may not capture all small or informal exporters.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Taiwan from New Mexico (NMTWNA475SCEN), retrieved from FRED.