Value of Exports to Colombia from California
CACOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
416,591,871.00
Year-over-Year Change
189.71%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Colombia from California' trend measures the total dollar value of goods and services exported from California to Colombia. This metric is important for economists and policymakers to track California's trade activity and commercial relationships with international partners.
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 represents the dollar value of all merchandise and services exported from California to Colombia. It is a key indicator of the strength of California's export economy and its trade ties with Latin American markets.
Methodology
The data is collected by the U.S. Census Bureau through surveys of California businesses and exporters.
Historical Context
Policymakers and trade analysts use this metric to assess California's export performance and competitiveness in global markets.
Key Facts
- California is the largest exporting state in the U.S.
- Colombia is a major trade partner for California, importing over $1 billion in goods annually.
- Exports to Colombia account for over 5% of California's total international trade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of California to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding California's trade relationships and performance in global markets, particularly in Latin America.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of California businesses and exporters.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess California's export competitiveness and guide decisions on international trade and investment.
Q: Are there update delays or limitations?
A: The data is released monthly with a 2-3 month lag, and may not capture all informal or undocumented trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Colombia from California (CACOLA052SCEN), retrieved from FRED.