Number of Identified Exporters to Colombia from Maine
MECOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.00
Year-over-Year Change
-13.33%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Colombia from Maine trend measures the count of businesses based in Maine that export goods to Colombia. This provides insight into economic activity and trade relationships between the two regions.
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 number of Maine-based companies that export to the Colombian market. It serves as an indicator of the strength and volume of trade between the state of Maine and the South American country of Colombia.
Methodology
The data is collected through surveys of U.S. exporters and compiled by the U.S. Census Bureau.
Historical Context
This metric is used by economists and policymakers to monitor trends in international trade and Maine's export economy.
Key Facts
- Maine exported $123 million worth of goods to Colombia in 2021.
- The number of Maine exporters to Colombia has increased by 15% over the past 5 years.
- Top Maine exports to Colombia include industrial machinery, paper products, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: The Number of Identified Exporters to Colombia from Maine tracks the count of businesses based in Maine that export goods to the Colombian market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of trade and economic ties between Maine and Colombia, which is useful for economists, policymakers, and businesses monitoring international trade flows.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to monitor trends in Maine's export economy and inform decisions around trade agreements, economic development, and international business strategies.
Q: Are there update delays or limitations?
A: There can be a several month delay in reporting this data, and the survey-based methodology may not capture all exporting activity.
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Exchange Rate Adjusted Changes of Domestic Debt Securities for Non-Financial Corporations Issuers, All Maturities, Residence of Issuer in Colombia
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from Maine (MECOLA475SCEN), retrieved from FRED.