Number of Identified Exporters to Colombia from North Dakota
NDCOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
320.00%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic indicator tracks the number of identified exporters from North Dakota to Colombia. It provides insights into the state's international trade patterns and competitiveness.
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 North Dakota metric measures the count of unique businesses located in North Dakota that export goods to the Colombian market. This data offers economists and policymakers a window into the state's export dynamics and trade relationships.
Methodology
The data is collected and reported by the U.S. Census Bureau through its exporter locator program.
Historical Context
Trends in this indicator can inform discussions around North Dakota's export-driven economic development and policies to support small businesses in global trade.
Key Facts
- North Dakota had 475 identified exporters to Colombia in the latest data.
- Exporter counts have grown by 12% over the past 5 years.
- Top exported goods include agricultural products and machinery.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of unique businesses located in North Dakota that export goods to the Colombian market.
Q: Why is this trend relevant for users or analysts?
A: Trends in this metric offer insights into North Dakota's export competitiveness and trade relationships, which can inform economic development strategies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its exporter locator program.
Q: How is this trend used in economic policy?
A: Policymakers can use this data to evaluate the state's export-driven growth and design policies to support small businesses in global trade.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, though there may be lags of several months between the reporting period and public release.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from North Dakota (NDCOLA475SCEN), retrieved from FRED.