International Merchandise Trade Statistics: Exports: Commodities for Colombia
COLXTEXVA01CXMLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,214,280,000.00
Year-over-Year Change
-0.49%
Date Range
1/1/1970 - 4/1/2025
Summary
This economic trend measures Colombia's exports of commodities, providing insights into the country's international trade. It is a key indicator for analyzing Colombia's economic performance and trade relationships.
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 International Merchandise Trade Statistics: Exports: Commodities for Colombia series tracks the total value of Colombia's exports of various commodities, including agricultural products, fuels, and manufactured goods. This data is widely used by economists, policymakers, and market analysts to assess Colombia's trade dynamics and competitiveness.
Methodology
The data is collected by Colombia's national statistical agency based on customs records and other official sources.
Historical Context
This trend is important for understanding Colombia's trade balance, exchange rate movements, and integration into global supply chains.
Key Facts
- Colombia is a major exporter of coffee, coal, and oil.
- Exports account for over 15% of Colombia's GDP.
- The US is Colombia's largest trading partner for exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of Colombia's exports of various commodities, including agricultural products, fuels, and manufactured goods.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Colombia's trade dynamics, competitiveness, and economic performance, making it relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by Colombia's national statistical agency based on customs records and other official sources.
Q: How is this trend used in economic policy?
A: This trend is used to assess Colombia's trade balance, exchange rate movements, and integration into global supply chains, which are important considerations for economic policymaking.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of Colombia's statistical reporting, which may result in occasional delays or revisions.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Exports: Commodities for Colombia (COLXTEXVA01CXMLSAM), retrieved from FRED.