International Merchandise Trade Statistics: Imports: Commodities for Colombia
COLXTIMVA01CXMLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,076,065,000.00
Year-over-Year Change
15.61%
Date Range
1/1/1990 - 5/1/2025
Summary
This economic trend measures Colombia's imports of commodities, providing insights into the country's international trade activity and economic dynamics.
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: Imports: Commodities for Colombia series tracks the value of goods imported into Colombia, offering a comprehensive view of the country's trade balance and integration with the global economy.
Methodology
The data is collected and reported by Colombia's statistical agency.
Historical Context
This trend is widely used by economists, policymakers, and investors to analyze Colombia's economic performance and trade policies.
Key Facts
- Colombia is a major importer of commodities, including fuel, machinery, and transport equipment.
- Commodity imports account for a significant portion of Colombia's total imports.
- Tracking commodity imports provides insights into the country's economic diversification and trade dynamics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of commodities imported into Colombia, including goods such as fuel, machinery, and transport equipment.
Q: Why is this trend relevant for users or analysts?
A: Tracking Colombia's commodity imports is crucial for understanding the country's trade balance, economic diversification, and integration with the global economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by Colombia's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze Colombia's trade policies, assess the impact of trade agreements, and make informed decisions about economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedule and methodological updates of Colombia's statistical agency.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Colombia (COLXTIMVA01CXMLSAM), retrieved from FRED.