Number of Identified Exporters to Colombia from Minnesota
MNCOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
271.00
Year-over-Year Change
68.32%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Colombia from Minnesota' trend measures the count of Minnesota-based companies that export goods to Colombia. This metric provides insight into the level of trade activity between the state and the South American country.
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 economic indicator tracks the number of unique Minnesota firms that have reported exporting products to Colombia. It serves as a proxy for the strength of trade relationships and commercial ties between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of companies engaged in international trade.
Historical Context
Policymakers and economists monitor this trend to assess the health of Minnesota's export sector and its integration with the Colombian market.
Key Facts
- Minnesota is one of the top U.S. states for exports to Colombia.
- The number of identified exporters has grown by 15% over the past 5 years.
- Food and agricultural products make up the largest share of Minnesota's exports to Colombia.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Identified Exporters to Colombia from Minnesota' trend tracks the count of unique Minnesota-based companies that report exporting goods to Colombia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the strength of trade relationships between Minnesota and Colombia, which is an important market for the state's exporters.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of companies engaged in international trade.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the health of Minnesota's export sector and its integration with the Colombian market.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, so there may be a delay in reflecting the most recent trade activity.
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Population, Total for Colombia
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Net migration for Colombia
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from Minnesota (MNCOLA475SCEN), retrieved from FRED.