Value of Exports to Colombia from North Carolina
NCCOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
201,712,458.00
Year-over-Year Change
100.15%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Colombia from North Carolina' trend measures the dollar value of goods and services exported from North Carolina to the country of Colombia. This metric is crucial for understanding North Carolina's trade relationship with one of its major international partners.
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 data series tracks the total value of exports originating from North Carolina that are destined for Colombia. It provides insight into the scale and composition of North Carolina's export economy and its engagement with the Colombian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policy makers and economic analysts use this metric to assess North Carolina's export performance and competitiveness in the global marketplace.
Key Facts
- North Carolina exported $1.3 billion worth of goods and services to Colombia in 2021.
- Colombia was North Carolina's 15th largest export destination in 2021.
- Machinery, transportation equipment, and chemicals are North Carolina's top exports to Colombia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of exports from the state of North Carolina to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into North Carolina's trade relationship with an important international partner and is useful for assessing the state's export performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this metric to evaluate North Carolina's export economy and trade dynamics with Colombia.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Value of Exports to Colombia from North Carolina (NCCOLA052SCEN), retrieved from FRED.