Value of Exports to Colombia from Nebraska
NECOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,088,957.00
Year-over-Year Change
171.05%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Colombia from Nebraska measures the dollar value of goods and services exported from Nebraska to the country of Colombia. This metric provides insight into the trade relationship between Nebraska and a key Latin American market.
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 Nebraska is an important economic indicator that tracks the flow of goods and services from the state of Nebraska to the South American country of Colombia. It represents a subset of the total U.S. exports to Colombia and can signal the competitiveness of Nebraska-based businesses in the Colombian market.
Methodology
This data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and market analysts use this metric to assess the health of Nebraska's export sector and its trade ties with Colombia.
Key Facts
- Nebraska exported $231 million worth of goods to Colombia in 2021.
- Colombia was Nebraska's 8th largest export market in 2021.
- Top Nebraska exports to Colombia include agricultural products and machinery.
FAQs
Q: What does this economic trend measure?
A: The Value of Exports to Colombia from Nebraska measures the dollar value of goods and services exported from the state of Nebraska to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Nebraska and a key Latin American market, signaling the competitiveness of Nebraska-based businesses in the Colombian economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess the health of Nebraska's export sector and its trade ties with Colombia.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Value of Exports to Colombia from Nebraska (NECOLA052SCEN), retrieved from FRED.