Value of Exports to Colombia from Montana
MTCOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,669,503.00
Year-over-Year Change
4697.48%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Value of Exports to Colombia from Montana' measures the dollar value of goods and services exported from the state of Montana to the country of Colombia. This economic indicator is relevant for understanding Montana's trade relationships and regional economic dynamics.
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 all merchandise exported from Montana to Colombia. It is an important metric for analyzing Montana's export activity and competitiveness in global markets, as well as the state's economic ties with specific trading partners.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and economists use this trend to evaluate Montana's trade performance and the impact of trade policies on the state's economy.
Key Facts
- Montana exported over $25 million in goods to Colombia in 2021.
- The top export categories from Montana to Colombia include machinery, agricultural products, and chemicals.
- Colombia is Montana's 9th largest export destination.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Colombia from Montana' measures the total dollar value of goods and services exported from the state of Montana to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Montana's trade relationships and the state's economic performance in global markets. It is useful for policymakers, businesses, and economists analyzing regional trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate Montana's trade performance and the impact of trade policies on the state's economy.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay. There may also be limitations in capturing certain types of trade not recorded through official channels.
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Citation
U.S. Federal Reserve, Value of Exports to Colombia from Montana (MTCOLA052SCEN), retrieved from FRED.