Value of Exports to Romania from Colorado
COROUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,678,883.00
Year-over-Year Change
83.75%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Romania from Colorado' series measures the total dollar value of goods and services exported from the state of Colorado to Romania. This indicator provides insight into Colorado's trade relationship with the Eastern European economy.
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 economic series tracks the monetary value of all products and services shipped from Colorado businesses to customers in Romania. It is an important metric for understanding Colorado's export market and can inform policymakers and businesses about trade patterns and market opportunities.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs documents and surveys of exporting companies.
Historical Context
Analyzing trends in Colorado's exports to Romania can help guide economic development and international trade policy decisions.
Key Facts
- Colorado exported $52.3 million in goods and services to Romania in 2021.
- Machinery and computer/electronic products are Colorado's top exports to Romania.
- Romania is Colorado's 51st largest export market globally.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value in U.S. dollars of all goods and services exported from the state of Colorado to customers in Romania.
Q: Why is this trend relevant for users or analysts?
A: Understanding Colorado's export trade with Romania provides insights into the state's overall international business activity and economic ties with Eastern Europe.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data based on customs documents and surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies can use this data to guide trade promotion efforts, identify market opportunities, and inform decisions about international business strategy.
Q: Are there update delays or limitations?
A: This data is typically published with a 2-3 month lag by the Census Bureau. The series may not capture all informal or unreported trade flows.
Related Trends
Harmonized Index of Consumer Prices: Non-Durable Household Goods for Romania
CP0561ROM086NEST
Amount Outstanding Due within One Year of International Debt Securities for All Issuers, Residence of Issuer in Romania
IDS1YMAORIAIRO
Harmonized Index of Consumer Prices: Motor Cars for Romania
CP0711ROM086NEST
Harmonized Index of Consumer Prices: Pharmaceutical Products for Romania
CP0611ROM086NEST
Harmonized Index of Consumer Prices: Overall Index Excluding Energy, Food, Alcohol, and Tobacco for Romania
00XEFDROM086NEST
Harmonized Index of Consumer Prices: Vegetables for Romania
CP0117ROM086NEST
Citation
U.S. Federal Reserve, Value of Exports to Romania from Colorado (COROUA052SCEN), retrieved from FRED.