Number of Identified Exporters to Colombia from Connecticut
CTCOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
192.00
Year-over-Year Change
32.41%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Colombia from Connecticut' series tracks the count of businesses located in Connecticut that export goods to Colombia. This metric is important for understanding Connecticut's international trade dynamics and competitiveness.
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, published by the U.S. Census Bureau, provides insights into the level of export activity from Connecticut to the Colombian market. It can be used to analyze trends in Connecticut's export sector and the state's economic connections with Colombia.
Methodology
The data is collected through surveys of businesses in Connecticut.
Historical Context
Policymakers and trade analysts use this information to evaluate Connecticut's export performance and identify opportunities to support local businesses in global markets.
Key Facts
- Connecticut exported $291 million worth of goods to Colombia in 2021.
- The number of identified exporters from Connecticut to Colombia has increased by 18% over the past 5 years.
- Machinery and transportation equipment make up the largest share of Connecticut's exports to Colombia.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of businesses located in the state of Connecticut that export goods to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Connecticut's international trade activity and can be used to evaluate the state's export performance and economic connections with the Colombian market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses located in Connecticut.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this information to identify opportunities to support local businesses in expanding their exports to global markets like Colombia.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the series may not capture all exporting activity from Connecticut to Colombia.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Colombia from Connecticut (CTCOLA475SCEN), retrieved from FRED.