Value of Exports to Colombia from Michigan
MICOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122,279,789.00
Year-over-Year Change
126.10%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Michigan to the country of Colombia. It provides insight into trade dynamics between the two economies.
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 'Value of Exports to Colombia from Michigan' series tracks the total dollar value of goods and services exported from Michigan to Colombia. This metric is used by economists and policymakers to analyze bilateral trade flows and the strength of commercial relationships between the two regions.
Methodology
The data is collected and published by the U.S. Census Bureau through its state export series.
Historical Context
Monitoring this trend can inform decision-making around trade policy, investment, and economic development strategies.
Key Facts
- Michigan is a major exporter to Colombia, ranking among the top U.S. states.
- Exports from Michigan to Colombia have grown steadily over the past decade.
- The top export categories include machinery, transportation equipment, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Michigan to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: Tracking Michigan's exports to Colombia provides insight into the commercial relationship and trade dynamics between the two economies.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through its state export series.
Q: How is this trend used in economic policy?
A: Monitoring this trend can inform decision-making around trade policy, investment, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Value of Exports to Colombia from Michigan (MICOLA052SCEN), retrieved from FRED.