Number of Identified Exporters to Colombia from Kentucky
KYCOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
220.00
Year-over-Year Change
58.27%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic indicator tracks the number of identified exporters to Colombia from the U.S. state of Kentucky. It provides insights into the trade dynamics and commercial relationships between Kentucky businesses and the Colombian market.
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 'Number of Identified Exporters to Colombia from Kentucky' is a measure of the exporting activity of businesses located in Kentucky. It represents the count of unique Kentucky-based companies that have reported exporting goods or services to Colombia, a major trading partner for the state.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This trend is valuable for policymakers, trade analysts, and Kentucky businesses to monitor the state's export competitiveness and identify potential growth opportunities in the Colombian market.
Key Facts
- Kentucky exported over $300 million worth of goods to Colombia in 2021.
- The number of identified Kentucky exporters to Colombia has grown by 25% since 2015.
- Colombia is Kentucky's 6th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of unique businesses located in Kentucky that have reported exporting goods or services to Colombia.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into the trade dynamics and commercial relationships between Kentucky businesses and the Colombian market, which is an important trading partner for the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is valuable for policymakers, trade analysts, and Kentucky businesses to monitor the state's export competitiveness and identify potential growth opportunities in the Colombian market.
Q: Are there update delays or limitations?
A: The data may be subject to a short delay in reporting, but it provides a reliable, transparent measure of Kentucky's exporting activity to Colombia.
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Use of Financial Services Borrowers: Persons Borrowing from Commercial Banks for Colombia
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Bank Capital to Total Assets for Colombia
DDSI03COA156NWDB
Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from Kentucky (KYCOLA475SCEN), retrieved from FRED.