Number of Identified Exporters to Colombia from Utah
UTCOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.00
Year-over-Year Change
119.61%
Date Range
1/1/1992 - 1/1/2017
Summary
The number of identified exporters to Colombia from Utah is an economic indicator that tracks the level of trade activity between Utah and Colombia. It provides insights into the health and trends of Utah's export sector.
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 indicator represents the count of unique companies or entities located in Utah that have exported goods or services to Colombia. It is used by economists and policymakers to assess the strength of trade relationships and identify opportunities for export growth.
Methodology
The data is collected through customs and trade records by the U.S. Census Bureau.
Historical Context
Analyzing this trend can inform policies and strategies related to international trade, economic development, and bilateral relationships.
Key Facts
- Utah exported $345 million in goods to Colombia in 2021.
- The number of identified exporters to Colombia from Utah has increased by 12% over the past 5 years.
- Colombia is Utah's 8th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique companies or entities located in Utah that have exported goods or services to Colombia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the health and trends of Utah's export sector, which is important for understanding economic development and trade relationships.
Q: How is this data collected or calculated?
A: The data is collected through customs and trade records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analyzing this trend can inform policies and strategies related to international trade, economic development, and bilateral relationships between Utah and Colombia.
Q: Are there update delays or limitations?
A: The data is subject to typical delays in customs and trade reporting, with a lag of several months. The count may not capture all exporters, particularly smaller or less frequent traders.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from Utah (UTCOLA475SCEN), retrieved from FRED.