Number of Identified Exporters to Germany from Colorado
CODEUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
651.00
Year-over-Year Change
11.47%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of exporters based in Colorado that sell goods to Germany. It provides insights into the strength and diversity of Colorado's export economy.
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
The Number of Identified Exporters to Germany from Colorado metric tracks companies headquartered in Colorado that export products or services to the German market. This data point is useful for understanding the scope and dynamics of Colorado's international trade relationships.
Methodology
The data is collected through surveys and trade reporting by the U.S. Census Bureau.
Historical Context
This export trend is relevant for policymakers, economic development agencies, and businesses analyzing Colorado's trade competitiveness.
Key Facts
- Colorado exported $2.1 billion in goods to Germany in 2021.
- The top Colorado exports to Germany are machinery, computer equipment, and aerospace products.
- Germany is Colorado's 5th largest export destination, after Canada, Mexico, South Korea, and the United Kingdom.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of companies based in Colorado that export goods or services to the German market.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the depth and diversity of Colorado's export economy, which is important for understanding the state's trade competitiveness and economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and trade reporting by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies use this data to analyze Colorado's export performance and inform strategies to support local businesses entering international markets.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 6-12 months after the reporting period. There may also be limitations in capturing all small or intermittent exporters.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Germany from Colorado (CODEUA475SCEN), retrieved from FRED.