Number of Identified Exporters to Hong Kong from Colorado
COHKGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
428.00
Year-over-Year Change
11.46%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Hong Kong from Colorado measures the count of businesses based in Colorado that export goods to Hong Kong. This metric provides insights into the trade relationship between Colorado and one of the world's major commercial hubs.
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 trend tracks the number of Colorado companies that have reported exporting products or services to Hong Kong. It offers a proxy for the level of commercial activity and trade flows between the state and the major Asian financial center.
Methodology
The data is collected by the U.S. Census Bureau through mandatory exporter surveys.
Historical Context
Policymakers and economists analyze this metric to understand Colorado's export dynamics and competitiveness in global markets.
Key Facts
- Colorado exported $1.2 billion worth of goods to Hong Kong in 2021.
- The number of Colorado exporters to Hong Kong has grown by 20% over the past 5 years.
- Hong Kong is Colorado's 4th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: The Number of Identified Exporters to Hong Kong from Colorado tracks the count of businesses based in Colorado that report exporting goods or services to Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship between Colorado and one of the world's major commercial hubs, which is valuable for policymakers, economists, and businesses analyzing export activity and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this metric to understand Colorado's export dynamics and competitiveness in global markets, which can inform trade, economic development, and investment policies.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 quarter delay by the Census Bureau, and may not capture all small or informal exporters.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Hong Kong from Colorado (COHKGA475SCEN), retrieved from FRED.