Number of Identified Exporters to Colombia from Rhode Island
RICOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.00
Year-over-Year Change
11.11%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Colombia from Rhode Island measures the count of unique companies that export goods from Rhode Island to Colombia. This metric provides insight into the international trade activity of Rhode Island businesses.
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 tracks the number of distinct Rhode Island-based companies that sell their products or services to Colombian customers. It serves as an indicator of the strength and diversity of Rhode Island's export economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of U.S. companies engaged in international trade.
Historical Context
Policymakers and trade analysts use this metric to assess Rhode Island's export competitiveness and integration with global markets.
Key Facts
- Rhode Island exported $58 million worth of goods to Colombia in 2021.
- The number of identified Rhode Island exporters to Colombia has grown by 12% over the past 5 years.
- Manufacturing accounts for over 70% of Rhode Island's exports to Colombia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of unique companies based in Rhode Island that export goods or services to customers in Colombia.
Q: Why is this trend relevant for users or analysts?
A: The number of Rhode Island exporters to Colombia provides insight into the state's export competitiveness and integration with the Colombian market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of U.S. companies engaged in international trade.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess Rhode Island's export performance and develop strategies to support the state's international trade activities.
Q: Are there update delays or limitations?
A: There is typically a 6-month delay in the reporting of this data due to the time required for the Census Bureau to collect and process the survey information.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from Rhode Island (RICOLA475SCEN), retrieved from FRED.