Value of Exports to Fiji from Colorado
COFJIA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,246.00
Year-over-Year Change
-61.33%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Fiji from Colorado' series measures the total value of goods exported from the U.S. state of Colorado to the island nation of Fiji. This metric is useful for analyzing Colorado's trade relationships and economic ties with the Pacific region.
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 monetary value of all physical merchandise and products exported from Colorado businesses and producers to Fiji. It provides insight into the commercial activity and economic linkages between the two regions over time.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters and customs declarations.
Historical Context
Policymakers and economists use this metric to assess Colorado's export performance and integration with global markets.
Key Facts
- Colorado exported $12.4 million worth of goods to Fiji in 2021.
- Exports to Fiji account for less than 1% of Colorado's total international trade.
- Top export categories from Colorado to Fiji include machinery, electronics, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total monetary value of physical goods and merchandise exported from the U.S. state of Colorado to the island nation of Fiji.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Colorado's trade relationships and economic integration with the Pacific region, which is useful for policymakers, businesses, and economists analyzing the state's export performance and global market connections.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Colorado's export activity and trade patterns, which can inform decisions around economic development, international agreements, and export promotion initiatives.
Q: Are there update delays or limitations?
A: There may be lags of several months between the reference period and data publication, and the Census Bureau notes that the data may not capture all export activity due to reporting thresholds and other limitations.
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Citation
U.S. Federal Reserve, Value of Exports to Fiji from Colorado (COFJIA052SCEN), retrieved from FRED.