Value of Exports to Colombia from Puerto Rico
PRCOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46,125,284.00
Year-over-Year Change
-6.31%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Colombia from Puerto Rico' metric tracks the total value of goods exported from Puerto Rico to Colombia over time. This measure provides insight into the trade relationship between the two regions and is an important economic indicator for both.
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 represents the dollar value of all merchandise exported from Puerto Rico to the country of Colombia. It serves as a key indicator of the trade flows and economic linkages between the two regions.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Puerto Rico-Colombia trade statistics program.
Historical Context
Policymakers and market analysts use this export value trend to assess the health of Puerto Rico's trade relationships and the competitiveness of its industries in global markets.
Key Facts
- Puerto Rico's largest trade partner in Latin America is Colombia.
- Exports to Colombia account for over 10% of Puerto Rico's total global exports.
- The value of exports from Puerto Rico to Colombia has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total dollar value of all merchandise exported from Puerto Rico to the country of Colombia over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This export value metric provides key insights into the trade relationship between Puerto Rico and Colombia, which is an important economic linkage for both regions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Puerto Rico-Colombia trade statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this export value trend to assess the health of Puerto Rico's trade relationships and the competitiveness of its industries in global markets.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, Value of Exports to Colombia from Puerto Rico (PRCOLA052SCEN), retrieved from FRED.