Value of Exports to Colombia from Texas
TXCOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,773,103,881.00
Year-over-Year Change
642.34%
Date Range
1/1/1992 - 1/1/2015
Summary
The 'Value of Exports to Colombia from Texas' measures the dollar value of goods and services exported from the state of Texas to the country of Colombia. This metric is crucial for understanding economic ties 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
This data series represents the monetary value of all products and services that originate in Texas and are sold to Colombian buyers. It is an important indicator of the commercial relationship and interdependence between the Texas and Colombian economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and other sources.
Historical Context
Analysts and policymakers use this series to gauge the health of Texas-Colombia trade, which can inform economic and diplomatic strategies.
Key Facts
- Texas is one of the largest exporting states in the U.S.
- Colombia is a major trading partner for Texas, especially in energy and agriculture.
- Exports from Texas to Colombia have grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total dollar value of goods and services exported from the state of Texas to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the commercial relationship and trade flows between the Texas and Colombian economies, which can inform economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and other sources.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this series to gauge the health of Texas-Colombia trade, which can inform economic and diplomatic strategies.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be some delays in reporting due to the complexities of cross-border trade data collection.
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Citation
U.S. Federal Reserve, Value of Exports to Colombia from Texas (TXCOLA052SCEN), retrieved from FRED.