International Merchandise Trade Statistics: Exports: Commodities for Colombia
COLXTEXVA01NCMLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,049,130,000,000.00
Year-over-Year Change
10.09%
Date Range
1/1/1970 - 4/1/2025
Summary
This economic trend measures Colombia's exports of commodities, providing insights into the country's international trade activity and economic performance.
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
The International Merchandise Trade Statistics: Exports: Commodities for Colombia series tracks the value of Colombia's exports of various commodity goods to international markets. This data is used by economists and policymakers to analyze trends in the country's trade balance, competitiveness, and integration with the global economy.
Methodology
The data is collected by Colombia's national statistical agency based on customs records and other official sources.
Historical Context
This trend is closely monitored by Colombia's central bank and trade ministry to inform economic and trade policy decisions.
Key Facts
- Colombia is a major exporter of commodities like coffee, oil, and coal.
- Commodity exports account for over half of Colombia's total export value.
- Export trends are closely tied to global commodity price fluctuations.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of Colombia's exports of various commodity goods, such as agricultural products, fuels, and raw materials, to international markets.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding Colombia's trade balance, economic competitiveness, and integration with the global economy, which are key factors in evaluating the country's macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected by Colombia's national statistical agency based on customs records and other official sources.
Q: How is this trend used in economic policy?
A: Colombia's central bank and trade ministry closely monitor this trend to inform their economic and trade policy decisions, such as exchange rate management and trade negotiations.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data due to the time required for collection and processing by the national statistical agency.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Exports: Commodities for Colombia (COLXTEXVA01NCMLSAM), retrieved from FRED.