Number of Identified Exporters to Colombia from Alabama
ALCOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
152.00
Year-over-Year Change
40.74%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Colombia from Alabama trend measures the total count of companies located in Alabama that export goods to Colombia. This data provides insights into the trade dynamics between the two 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 economic indicator tracks the number of distinct business entities based in Alabama that have reported exporting products or services to Colombia. It is used by economists and policymakers to assess the strength of commercial ties and trade flows between the state and the South American country.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys and customs declarations.
Historical Context
Trends in exporter counts can signal changes in market access, trade policy, or the competitiveness of Alabama businesses in the Colombian market.
Key Facts
- Alabama exported $1.3 billion in goods to Colombia in 2021.
- The number of Alabama exporters to Colombia has grown by 25% since 2015.
- Top Alabama exports to Colombia include aerospace parts, chemicals, and agricultural commodities.
FAQs
Q: What does this economic trend measure?
A: The Number of Identified Exporters to Colombia from Alabama tracks the total count of companies located in Alabama that report exporting goods or services to the Colombian market.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the strength of trade ties between Alabama and Colombia, which is an important commercial partner for the state. Trends in exporter counts can signal changes in market access, competitiveness, or the impact of trade policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys and customs declarations.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this indicator to assess the health of Alabama's export sector, especially its performance in the Colombian market. Changes in exporter counts can inform trade negotiations, export promotion initiatives, or adjustments to tariff and non-tariff barriers.
Q: Are there update delays or limitations?
A: The data is published with a several month lag, so it may not reflect the most recent trade environment. Additionally, the count only includes identified exporters and may not capture all small or informal businesses shipping to Colombia.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from Alabama (ALCOLA475SCEN), retrieved from FRED.