Value of Exports to Nicaragua from Colorado
CONICA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,129,395.00
Year-over-Year Change
119.94%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Nicaragua from Colorado measures the total dollar value of goods and services exported from the state of Colorado to Nicaragua. This metric is important for economists and policymakers to understand regional trade dynamics and the impact of economic policies on international commerce.
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 total value of exports originating from Colorado businesses and shipped to Nicaragua. It provides insight into the strength of the trade relationship between the two regions and can inform decisions around tariffs, trade agreements, and economic development initiatives.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and market analysts use this metric to assess the health of Colorado's export economy and its integration with global markets.
Key Facts
- Colorado exported over $25 million in goods and services to Nicaragua in 2021.
- Exports to Nicaragua account for less than 1% of Colorado's total international trade.
- The top export categories from Colorado to Nicaragua are machinery, computers, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The Value of Exports to Nicaragua from Colorado metric tracks the total dollar value of goods and services exported from the state of Colorado to the country of Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of the trade relationship between Colorado and Nicaragua, which is relevant for policymakers, businesses, and economists analyzing regional economic dynamics and the impacts of trade policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess the health of Colorado's export economy and its integration with global markets, which can inform decisions around tariffs, trade agreements, and economic development initiatives.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the time required for the Census Bureau to collect and process the information from exporting companies.
Related Trends
Value of Exports to Nicaragua from Montana
MTNICA052SCEN
Number of Identified Exporters to Nicaragua from Arizona
AZNICA475SCEN
Value of Exports to Nicaragua from Mississippi
MSNICA052SCEN
Number of Identified Exporters to Nicaragua from Utah
UTNICA475SCEN
Value of Exports to Nicaragua from Massachusetts
MANICA052SCEN
Value of Exports to Nicaragua from New Jersey
NJNICA052SCEN
Citation
U.S. Federal Reserve, Value of Exports to Nicaragua from Colorado (CONICA052SCEN), retrieved from FRED.