Number of Identified Exporters to Colombia from Michigan
MICOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
300.00
Year-over-Year Change
41.51%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Colombia from Michigan measures the count of unique companies located in Michigan that exported goods to Colombia during a given period.
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 data series provides insights into the trade relationship between Michigan and Colombia, a key indicator of economic activity and integration. Policymakers and analysts use this information to understand trade patterns and the competitiveness of Michigan-based exporters.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys.
Historical Context
Trends in the number of exporters can signal changes in market access, trade policies, or the competitive environment.
Key Facts
- Michigan is the 8th largest exporting state in the U.S.
- Colombia is Michigan's 26th largest export destination.
- Exports support over 300,000 jobs in Michigan.
FAQs
Q: What does this economic trend measure?
A: The Number of Identified Exporters to Colombia from Michigan measures the count of unique companies located in Michigan that exported goods to Colombia during a given period.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between Michigan and Colombia, a key indicator of economic activity and integration that is useful for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys.
Q: How is this trend used in economic policy?
A: Trends in the number of exporters can signal changes in market access, trade policies, or the competitive environment, which is relevant for policymakers and institutions analyzing economic conditions.
Q: Are there update delays or limitations?
A: The data may have a lag of several months between the reference period and publication.
Related Trends
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Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Colombia
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Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Colombia
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Colombia
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Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Colombia
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from Michigan (MICOLA475SCEN), retrieved from FRED.