Value of Exports to Colombia from Arizona
AZCOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,887,179.00
Year-over-Year Change
146.73%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Colombia from Arizona' series measures the total value of goods exported from the U.S. state of Arizona to the country of Colombia. This metric is important for understanding Arizona's trade relationships and economic ties with international markets.
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 dollar value of merchandise exports from Arizona to Colombia over time. It is a component of broader state-level trade data published by the U.S. Census Bureau and provides insight into Arizona's export activity and commercial relationships.
Methodology
The data is collected through mandatory reports filed by U.S. exporters and compiled by the Census Bureau.
Historical Context
This series is used by economists, policymakers, and businesses to analyze Arizona's trade dynamics and competitiveness in the Colombian market.
Key Facts
- Arizona exported over $400 million in goods to Colombia in 2021.
- Export value to Colombia has grown by 25% since 2015.
- Top Arizona exports to Colombia include machinery, transportation equipment, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of merchandise exports from the U.S. state of Arizona to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Arizona's trade relationships and export activity with the Colombian market, which is important for understanding the state's economic competitiveness and performance.
Q: How is this data collected or calculated?
A: The data is collected through mandatory reports filed by U.S. exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and businesses use this series to analyze Arizona's trade dynamics and inform decisions related to international market access, export promotion, and economic development strategies.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the reporting of this data, and the series does not capture certain types of exports, such as those below reporting thresholds.
Related Trends
Sales: Retail Trade: Total Retail Trade: Volume for Colombia
COLSLRTTO01GYSAQ
Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Colombia
COLCP010000GPM
Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Colombia
COLLRUNTTTTSTSAM
National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for Colombia
COLNAEXKP02STSAQ
National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Colombia
COLNAEXKP07GYSAQ
Balance of Payments: Services: Revenue for Colombia
COLB6CRSE02STSAQ
Citation
U.S. Federal Reserve, Value of Exports to Colombia from Arizona (AZCOLA052SCEN), retrieved from FRED.