Value of Exports to Nigeria from Colorado
CONGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,370,602.00
Year-over-Year Change
354.56%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Nigeria from Colorado' series tracks the dollar value of goods and services exported from the state of Colorado to Nigeria, a key U.S. trade partner.
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 provides insight into Colorado's export activity and trade relationship with Nigeria. It is used by policymakers, economists, and businesses to analyze regional export trends and patterns.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Colorado exporters.
Historical Context
Analyzing export flows can inform state-level economic and trade policies.
Key Facts
- Colorado exported over $200 million in goods to Nigeria in 2021.
- Nigeria is Colorado's 4th largest export destination in Africa.
- Top exported products include machinery, transportation equipment, and agricultural goods.
FAQs
Q: What does this economic trend measure?
A: This series tracks the dollar value of goods and services exported from the state of Colorado to Nigeria.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into Colorado's export activity and trade relationship with a key international partner, which is useful for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Colorado exporters.
Q: How is this trend used in economic policy?
A: Analyzing export flows can inform state-level economic and trade policies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, as the Census Bureau's collection and compilation process can take several months.
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Citation
U.S. Federal Reserve, Value of Exports to Nigeria from Colorado (CONGAA052SCEN), retrieved from FRED.