Number of Identified Exporters to Colombia from Oregon
ORCOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.00
Year-over-Year Change
44.59%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Colombia from Oregon measures the count of Oregon-based businesses that export goods to the Colombian market. This metric provides insight into trade patterns and Oregon's export 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
This series tracks the number of unique Oregon exporters that ship goods to Colombia. It offers a gauge of Oregon's export diversification and the state's access to emerging international markets.
Methodology
The data is collected through customs and trade reporting by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to assess Oregon's export performance and inform decisions around trade agreements and export promotion programs.
Key Facts
- Oregon exported over $400 million in goods to Colombia in 2021.
- The number of identified Oregon exporters to Colombia has grown by 25% since 2015.
- Top Oregon exports to Colombia include machinery, agricultural products, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This series measures the number of unique businesses based in Oregon that export goods to the Colombian market. It provides a count of Oregon's exporter base and trade activity with this key South American trading partner.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into Oregon's export diversification and competitiveness in global markets. It helps policymakers and trade analysts assess the state's trade performance and inform decisions around export promotion and trade agreements.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs and international trade reporting.
Q: How is this trend used in economic policy?
A: Economists, trade associations, and government agencies use this metric to evaluate Oregon's export activity and competitiveness. It informs decisions around trade agreements, export promotion programs, and policies to support local businesses in accessing global markets.
Q: Are there update delays or limitations?
A: There may be a several month delay in data availability due to the time required for customs reporting and Census Bureau data collection. The metric also only captures formally identified exporters, potentially excluding some smaller or informal trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from Oregon (ORCOLA475SCEN), retrieved from FRED.