Value of Exports to Bulgaria from Colorado
COBGRA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
889,209.00
Year-over-Year Change
31.12%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Bulgaria from Colorado' measures the dollar value of goods and services exported from the U.S. state of Colorado to Bulgaria. This metric is important for analyzing Colorado's trade relationships and economic integration with foreign 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 exports originating from Colorado and destined for Bulgaria. It provides insights into the scale and composition of trade flows between the two economies, which is a key indicator of their commercial and economic ties.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and analysts use this metric to assess Colorado's export performance and competitiveness in the global marketplace.
Key Facts
- Colorado exported $31.2 million worth of goods to Bulgaria in 2021.
- Machinery and computer/electronic products make up over 60% of Colorado's exports to Bulgaria.
- Bulgaria ranks 72nd among destinations for Colorado's international exports.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Bulgaria from Colorado' metric tracks the total dollar value of goods and services exported from the U.S. state of Colorado to the country of Bulgaria.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding Colorado's trade relationships and economic integration with foreign markets, particularly emerging economies like Bulgaria.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Colorado's export performance and competitiveness in the global marketplace.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the reference period.
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Citation
U.S. Federal Reserve, Value of Exports to Bulgaria from Colorado (COBGRA052SCEN), retrieved from FRED.