Number of Identified Exporters to Saudi Arabia from Colorado
COSAUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
167.00
Year-over-Year Change
81.52%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Saudi Arabia from Colorado' tracks the count of unique companies based in Colorado that export goods to Saudi Arabia. This data provides insights into trade dynamics and economic relationships between Colorado and a key international 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 series measures the number of distinct Colorado-based businesses that have successfully exported products or services to Saudi Arabia. It offers a gauge of the commercial ties and export activity between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of U.S. companies.
Historical Context
This metric can inform policymakers and businesses about evolving trade patterns and market opportunities.
Key Facts
- Colorado exported over $200 million in goods to Saudi Arabia in 2021.
- The number of Colorado exporters to Saudi Arabia grew by 12% from 2020 to 2021.
- Manufacturing accounts for the largest share of Colorado's exports to Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of unique Colorado-based companies that have successfully exported products or services to Saudi Arabia in a given time period.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the commercial relationships and trade dynamics between Colorado and a key international market, which can inform business strategy and economic policymaking.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of U.S. companies involved in exporting activities.
Q: How is this trend used in economic policy?
A: Policymakers and analysts can use this metric to monitor evolving trade patterns, identify growth opportunities, and assess the competitiveness of Colorado businesses in global markets.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 year lag, and may not capture all exporting activity due to limitations in company reporting.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Saudi Arabia from Colorado (COSAUA475SCEN), retrieved from FRED.