Value of Exports to Colombia from Pennsylvania
PACOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
185,990,681.00
Year-over-Year Change
143.99%
Date Range
1/1/1992 - 1/1/2017
Summary
This trend measures the value of exports from the U.S. state of Pennsylvania to Colombia. It provides insight into the economic relationship and trade flows between the two regions.
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 Pennsylvania trend tracks the dollar value of goods and services exported from Pennsylvania to the South American country of Colombia. This metric is used by economists and policymakers to analyze the state's international trade patterns and commercial ties.
Methodology
The data is collected and published by the U.S. Census Bureau based on official trade statistics.
Historical Context
Monitoring state-level export values can inform decisions around economic development, trade policy, and foreign market opportunities.
Key Facts
- Pennsylvania exported $1.2 billion in goods to Colombia in 2021.
- Colombia is Pennsylvania's 13th largest export destination globally.
- Top Pennsylvania exports to Colombia include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of exports from the U.S. state of Pennsylvania to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: Tracking state-level export values provides insights into regional trade patterns and economic relationships that can inform business strategy and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau based on official international trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze trade flows, identify growth opportunities, and evaluate the impacts of economic and trade policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a 2-3 month lag, so it may not reflect the most current trade environment.
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Citation
U.S. Federal Reserve, Value of Exports to Colombia from Pennsylvania (PACOLA052SCEN), retrieved from FRED.