Number of Identified Exporters to Canada from Colorado
COCANA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,845.00
Year-over-Year Change
33.21%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Canada from Colorado metric tracks the count of unique Colorado-based businesses that export goods to Canada. This data point is important for understanding trade dynamics and market access for Colorado companies.
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 number of distinct Colorado firms that have exported products to Canada in a given time period. It provides insight into the scale and diversity of Colorado's export economy and commercial relationships with its northern neighbor.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to assess Colorado's export competitiveness and integration with the Canadian market.
Key Facts
- Colorado exported over $2.2 billion in goods to Canada in 2021.
- There were 2,764 unique Colorado exporters to Canada in 2021.
- Canada is Colorado's largest export destination, accounting for 22% of the state's total exports.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of distinct Colorado-based businesses that export products to Canada in a given time period.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the scale and diversity of Colorado's export economy and trade relationships with Canada, a key economic partner.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess Colorado's export competitiveness and integration with the Canadian market.
Q: Are there update delays or limitations?
A: The data is released with a lag, and may not capture all exporting firms due to survey limitations.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Canada from Colorado (COCANA475SCEN), retrieved from FRED.