Number of Identified Exporters to Colombia from Massachusetts
MACOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
327.00
Year-over-Year Change
19.78%
Date Range
1/1/1992 - 1/1/2017
Summary
This trend measures the number of identified exporters to Colombia from the U.S. state of Massachusetts. Understanding export activity is crucial for policymakers and economists analyzing trade dynamics.
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 Massachusetts' series tracks the count of Massachusetts-based businesses that export goods to the Colombian market. This data provides insights into the state's export footprint and trade relationships.
Methodology
The data is collected and compiled by the U.S. Census Bureau.
Historical Context
Trends in exporter counts can inform economic policy decisions and business strategies related to international trade.
Key Facts
- Massachusetts exported over $274 million worth of goods to Colombia in 2021.
- The number of identified Massachusetts exporters to Colombia has grown by 16% since 2015.
- Colombia is Massachusetts' 12th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of identified businesses based in the U.S. state of Massachusetts that export goods to the Colombian market.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of exporters provides insights into the scale and dynamics of international trade activity for a given state or region.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Trends in exporter counts can inform policy decisions and business strategies related to international trade and regional economic development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not fully capture all exporters, particularly smaller businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from Massachusetts (MACOLA475SCEN), retrieved from FRED.