International Merchandise Trade Statistics: Trade Balance: Commodities for Colombia
COLXTNTVA01CXMLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1,562,360,000.00
Year-over-Year Change
32.92%
Date Range
1/1/1990 - 4/1/2025
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for Colombia measures the difference between the total value of goods exported and imported by Colombia. This data provides insights into the country's trade dynamics and macroeconomic 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
This series represents Colombia's trade balance, which is the difference between the country's total exports and imports of goods. It is a key economic indicator used to assess a nation's trade competitiveness, economic health, and foreign exchange flows.
Methodology
The data is collected and calculated by Colombia's national statistics agency based on customs records of international merchandise trade.
Historical Context
Policymakers and analysts closely monitor trade balances to understand a country's external sector performance and inform economic policy decisions.
Key Facts
- Colombia's trade balance has ranged from -$3.2 billion to $0.9 billion in the last 5 years.
- Commodities make up over 50% of Colombia's total merchandise exports.
- The trade balance is an important indicator of a country's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between the total value of goods exported and imported by Colombia, providing insights into the country's trade dynamics.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a key economic indicator used to assess a nation's trade competitiveness, economic health, and foreign exchange flows, making it relevant for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Colombia's national statistics agency based on customs records of international merchandise trade.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor trade balances to understand a country's external sector performance and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but may be subject to revisions and updates due to the nature of international trade statistics.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Colombia (COLXTNTVA01CXMLSAM), retrieved from FRED.