Value of Exports to Colombia from Virginia
VACOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121,189,154.00
Year-over-Year Change
215.46%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Colombia from Virginia series measures the dollar value of merchandise exports from the state of Virginia to the country of Colombia. This metric is important for understanding Virginia's trade relationships and economic integration with key international markets.
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 tracks the total value of physical goods exported from Virginia to Colombia, a major trade partner for the state. The export figures cover a wide range of industries and commodities, providing insight into the commercial ties between the two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other international trade records.
Historical Context
Policymakers and businesses use this metric to assess Virginia's export performance and competitiveness in the Colombian market.
Key Facts
- Virginia exported over $350 million in goods to Colombia in 2021.
- Colombia was Virginia's 13th largest export destination in 2021.
- Top exports from Virginia to Colombia include machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total dollar value of merchandise exports from the state of Virginia to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Virginia's trade relationships and economic integration with key international markets like Colombia.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs declarations and other international trade records.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to assess Virginia's export performance and competitiveness in the Colombian market.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but may have a 1-2 month lag in availability.
Related Trends
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Value of Exports to Colombia from Maine
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Infant Mortality Rate for Colombia
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Bank's Non-Interest Income to Total Income for Colombia
DDEI03COA156NWDB
Citation
U.S. Federal Reserve, Value of Exports to Colombia from Virginia (VACOLA052SCEN), retrieved from FRED.