Number of Identified Exporters to Spain from Colorado
COESPA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
188.00
Year-over-Year Change
-14.16%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Spain from Colorado' metric tracks the total number of businesses in Colorado that have exported goods to Spain. This trend provides insight into the trade activity and commercial relationships between Colorado and the Spanish 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 economic indicator measures the count of unique Colorado-based companies that have shipped products to Spain within a given time period. It serves as a proxy for the depth and breadth of the trade corridor between the state and the European country.
Methodology
The data is collected through business registry and customs records by the U.S. Census Bureau.
Historical Context
This metric is used by policymakers and trade associations to monitor the health of Colorado's export economy and guide decisions around supporting local businesses in global markets.
Key Facts
- Colorado exports to Spain totaled $343 million in 2021.
- The number of Colorado exporters to Spain has increased by 25% since 2015.
- Top export categories from Colorado to Spain include machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of businesses based in Colorado that have exported goods to Spain within a given time period.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the depth and breadth of trade activity between Colorado and the Spanish market, which is important for understanding regional economic performance and guiding trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through business registry and customs records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade associations use this metric to monitor the health of Colorado's export economy and guide decisions around supporting local businesses in global markets.
Q: Are there update delays or limitations?
A: There may be several months of delay in the availability of the most recent data due to the time required for collection and reporting.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Spain from Colorado (COESPA475SCEN), retrieved from FRED.