Number of Identified Exporters to Colombia from West Virginia
WVCOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
51.00
Year-over-Year Change
64.52%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Colombia from West Virginia' measures the count of businesses located in West Virginia that export goods to Colombia. This metric provides insight into West Virginia's trade dynamics with an important South American market.
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 series tracks the number of exporters from West Virginia that ship goods to Colombia, a key trading partner for the state. The data can inform economic policy decisions and help analyze West Virginia's export performance and market diversification efforts.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
Policymakers and trade analysts use this metric to assess West Virginia's export competitiveness and identify opportunities for expanding trade relationships.
Key Facts
- West Virginia exported $258 million worth of goods to Colombia in 2021.
- The number of identified West Virginia exporters to Colombia has grown by 12% since 2015.
- Colombia is West Virginia's 6th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses located in West Virginia that export goods to Colombia, an important trading partner for the state.
Q: Why is this trend relevant for users or analysts?
A: The data provides insight into West Virginia's trade dynamics and export performance, which is valuable for policymakers and economists analyzing the state's economic competitiveness.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess West Virginia's export competitiveness and identify opportunities for expanding trade relationships.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the counts may not capture all exporting businesses in West Virginia.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from West Virginia (WVCOLA475SCEN), retrieved from FRED.