Value of Exports to Mali from Colorado
COMLIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
332,070.00
Year-over-Year Change
106.73%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Value of Exports to Mali from Colorado' measures the total value of goods and services exported from Colorado to the West African nation of Mali. This data provides insights into Colorado's international trade and economic relationships.
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 tracks the dollar value of all products and services exported from the state of Colorado to Mali, a developing market in sub-Saharan Africa. The data is used by economists, trade analysts, and policymakers to understand Colorado's export patterns and the state's role in global commerce.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Monitoring export trends is crucial for assessing a state's economic competitiveness and identifying potential trade opportunities or barriers.
Key Facts
- Colorado exported $4.2 million worth of goods to Mali in 2021.
- Exports to Mali account for less than 1% of Colorado's total international trade.
- Major Colorado exports to Mali include agricultural products, machinery, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the state of Colorado to the country of Mali.
Q: Why is this trend relevant for users or analysts?
A: Tracking state-level export data provides important insights into a region's economic competitiveness and trade relationships.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this data to identify export opportunities, monitor trade patterns, and assess the economic impacts of international commerce.
Q: Are there update delays or limitations?
A: The data is published with a several-month lag, and it may not capture all small-scale or informal trade activities.
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Citation
U.S. Federal Reserve, Value of Exports to Mali from Colorado (COMLIA052SCEN), retrieved from FRED.