Number of Identified Exporters to Colombia from Colorado
COCOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.00
Year-over-Year Change
50.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Colombia from Colorado' series tracks the count of companies located in Colorado that export goods and services to Colombia. This metric is useful for analyzing trends in international trade and the performance of Colorado's export economy.
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 number of distinct businesses based in Colorado that have been identified as exporting to the Colombian market. It provides insight into the scale and diversity of Colorado's export relationships with this important South American trading partner.
Methodology
The data is collected by the U.S. Census Bureau through surveys and administrative records of international trade transactions.
Historical Context
Policymakers and economic development agencies use this metric to monitor the health and competitiveness of Colorado's export sector.
Key Facts
- Colorado exported over $250 million in goods to Colombia in 2021.
- The number of Colorado exporters to Colombia has grown by 15% since 2015.
- Colombia is Colorado's 4th largest export destination in South America.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of companies based in Colorado that have been identified as exporting goods or services to the Colombian market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and growth of Colorado's export relationships, which is an important indicator of the state's economic competitiveness and trade integration.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records of international trade transactions.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this metric to monitor the health and competitiveness of Colorado's export sector and inform strategies to support international trade.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the time required for collection and processing of international trade information.
Related Trends
Gross Portfolio Equity Liabilities to GDP for Colombia
DDDM08COA156NWDB
Production: Manufacturing: Total Manufacturing for Colombia
COLPRMNTO01GYSAQ
Infra-Annual Labor Statistics: Employment Total: From 15 to 24 Years for Colombia
COLLFEM24TTSTM
Central Bank Assets to GDP for Colombia
DDDI06COA156NWDB
Infra-Annual Labor Statistics: Employment Rate Female: From 55 to 64 Years for Colombia
COLLREM55FESTM
Balance of Payments: Services: Revenue for Colombia
COLB6CRSE03STSAQ
Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from Colorado (COCOLA475SCEN), retrieved from FRED.