Value of Exports to Colombia from Louisiana
LACOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,213,495,054.00
Year-over-Year Change
395.15%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Colombia from Louisiana' metric tracks the dollar value of goods and services exported from Louisiana to the country of Colombia over time. This provides important economic insights for businesses, policymakers, and analysts assessing trade relationships and regional economic performance.
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 monetary value of all exported products and services originating from the U.S. state of Louisiana and destined for the South American country of Colombia. It serves as a key indicator of the commercial and trade dynamics between these two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Tracking this export trend is crucial for understanding Louisiana's trade activity, as well as broader economic conditions and policy considerations between the United States and Colombia.
Key Facts
- Louisiana is a major exporting state, ranking 7th nationally by export value.
- Colombia is the 26th largest export destination for U.S. goods and services.
- Exports to Colombia account for about 2% of Louisiana's total international trade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total monetary value of goods and services exported from the U.S. state of Louisiana to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: Tracking Louisiana's export activity to Colombia provides insights into the trade relationship between the two economies, which is important for businesses, policymakers, and economic analysts.
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: This export trend is used by economists, trade officials, and policymakers to monitor and evaluate the commercial relationship between the United States and Colombia.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, as the Census Bureau must collect and compile information from a large number of exporting businesses.
Related Trends
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DDEI04COA156NWDB
Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Colombia
COLB6BLTT02STSAQ
Infra-Annual Labor Statistics: Employment Male: From 25 to 54 Years for Colombia
COLLFEM25MASTM
Number of Identified Exporters to Colombia from Georgia
GACOLA475SCEN
Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Colombia
COLLFUNTTTTSTSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Colombia
COLCPGRSE01GYM
Citation
U.S. Federal Reserve, Value of Exports to Colombia from Louisiana (LACOLA052SCEN), retrieved from FRED.