Number of Identified Exporters to Colombia from Oklahoma
OKCOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.00
Year-over-Year Change
57.30%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Colombia from Oklahoma' trend measures the count of unique Oklahoma-based businesses that export goods to Colombia. This metric provides insight into the commercial activity and trade relationships between Oklahoma and the Colombian market.
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 tracks the number of distinct Oklahoma-based companies that have successfully exported products or services to Colombia. It serves as an indicator of the strength and breadth of trade linkages between the state's economy and the Colombian market.
Methodology
The data is collected through surveys and administrative records maintained by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to assess the health of Oklahoma's export sector and its economic integration with key international markets.
Key Facts
- Oklahoma exported over $300 million worth of goods to Colombia in 2021.
- The number of identified Oklahoma exporters to Colombia has increased by 20% over the past 5 years.
- Manufacturing and agriculture are the top industries for Oklahoma's exports to Colombia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses based in Oklahoma that have successfully exported goods or services to Colombia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and breadth of trade linkages between Oklahoma's economy and the Colombian market, which is important for policymakers and trade analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records maintained by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess the health of Oklahoma's export sector and its economic integration with key international markets like Colombia.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all exporters, especially smaller or irregular traders.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from Oklahoma (OKCOLA475SCEN), retrieved from FRED.