Imports of Goods for Colorado
IMPTOTCO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,392.61
Year-over-Year Change
2.30%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods for Colorado' trend measures the total value of goods imported into the state of Colorado. This economic indicator is important for analyzing Colorado's trade activity and economic integration with global markets.
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 represents the dollar value of all merchandise imports entering Colorado, including consumer goods, industrial supplies, capital equipment, and other products. It is a key metric for understanding the state's participation in international trade and overall economic performance.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Foreign Trade Division.
Historical Context
Policymakers and economists use this import data to assess Colorado's trade balance, competitiveness, and integration with the global economy.
Key Facts
- Colorado's imports of goods totaled $28.9 billion in 2021.
- Consumer goods make up the largest share of Colorado's imports at 40%.
- China is Colorado's top import partner, accounting for 18% of total imports.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods for Colorado' metric tracks the total value of merchandise imports entering the state of Colorado from international sources.
Q: Why is this trend relevant for users or analysts?
A: This import data is crucial for understanding Colorado's trade activity, economic integration, and competitiveness in global markets.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau's Foreign Trade Division.
Q: How is this trend used in economic policy?
A: Policymakers and economists use Colorado's import data to assess the state's trade balance, analyze its integration with the global economy, and inform economic development strategies.
Q: Are there update delays or limitations?
A: The import data is typically published with a 1-2 month delay by the Census Bureau.
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Citation
U.S. Federal Reserve, Imports of Goods for Colorado (IMPTOTCO), retrieved from FRED.