International Trade: Exports: Value (Goods): Total for Colombia
COLXTEXVA01STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.43
Year-over-Year Change
8.22%
Date Range
1/1/2005 - 7/1/2023
Summary
This economic indicator tracks the total value of goods exported from Colombia. It is a key measure of Colombia's international trade and economic activity.
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 Trade: Exports: Value (Goods): Total for Colombia series represents the total monetary value of all goods exported from Colombia. This metric is widely used by economists and policymakers to assess Colombia's trade balance, export competitiveness, and overall economic performance.
Methodology
The data is collected by Colombia's national statistics agency through surveys of exporters.
Historical Context
This export value trend is closely monitored by Colombian government agencies and international organizations to inform trade, fiscal, and monetary policies.
Key Facts
- Colombia is a major exporter of agricultural products, fuels, and manufactured goods.
- Exports account for over 15% of Colombia's total GDP.
- China and the United States are Colombia's largest export markets.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total monetary value of all goods exported from Colombia, providing a measure of the country's international trade activity.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Colombia's export values is crucial for assessing the country's trade balance, international competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected by Colombia's national statistics agency through surveys of exporters within the country.
Q: How is this trend used in economic policy?
A: This export value trend is closely tracked by Colombian government agencies and international organizations to inform trade, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 2-3 month delay in the most recent figures.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Colombia (COLXTEXVA01STSAQ), retrieved from FRED.