Value of Exports to Canada from Colorado
COCANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,144,806,974.00
Year-over-Year Change
-26.17%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Canada from Colorado' tracks the dollar value of goods and services exported from Colorado to Canada. This metric is a key indicator of trade and economic activity 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 series measures the total value of exports originating from Colorado and destined for Canada. It provides insight into the trade relationship and economic linkages between the state and its northern neighbor, a major trading partner.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of businesses.
Historical Context
The value of Colorado's exports to Canada is important for policymakers and businesses to monitor trade flows and economic conditions.
Key Facts
- Colorado exported over $2 billion in goods and services to Canada in 2021.
- Canada is Colorado's largest export market, accounting for 19% of the state's total exports.
- The top exported products from Colorado to Canada include machinery, chemicals, and agricultural goods.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the dollar value of exports from the state of Colorado to Canada, providing insight into the trade relationship between the two regions.
Q: Why is this trend relevant for users or analysts?
A: The value of Colorado's exports to Canada is a key metric for understanding the state's economic performance and cross-border trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses that export goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and businesses monitor this indicator to assess trade flows, economic conditions, and the strength of the Colorado-Canada commercial relationship.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical lag of 2-3 months from the reference period.
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Citation
U.S. Federal Reserve, Value of Exports to Canada from Colorado (COCANA052SCEN), retrieved from FRED.