Value of Exports to Colombia from Kentucky
KYCOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,586,700.00
Year-over-Year Change
116.95%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Colombia from Kentucky' trend measures the dollar value of goods and services exported from Kentucky to Colombia. This metric is important for economists and policymakers to track regional trade dynamics and the state's economic engagement with key international 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 total value of physical goods and intangible services exported from the state of Kentucky to the country of Colombia. It provides insight into the trade relationship and commercial ties between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Trends in state-level exports can inform trade policy decisions and analysis of regional economic performance.
Key Facts
- Kentucky exported over $280 million in goods and services to Colombia in 2021.
- Colombia was Kentucky's 13th largest export market globally in 2021.
- Top Kentucky exports to Colombia include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of Kentucky to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship and commercial ties between Kentucky and Colombia, which is important for analyzing regional economic performance and informing trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Trends in state-level exports can inform trade policy decisions and analysis of regional economic performance.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with some potential lags in reporting from the source.
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Citation
U.S. Federal Reserve, Value of Exports to Colombia from Kentucky (KYCOLA052SCEN), retrieved from FRED.