Number of Identified Exporters to Colombia from Tennessee
TNCOLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
306.00
Year-over-Year Change
70.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Colombia from Tennessee' measures the count of businesses located in Tennessee that export goods to Colombia. This metric provides insight into the trade relationship between Tennessee 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 economic trend tracks the number of exporters from Tennessee that sell products to Colombia. It offers a gauge of the commercial activity and integration between the two economies at the state level.
Methodology
The data is collected by the U.S. Census Bureau through surveys of U.S. businesses.
Historical Context
Policymakers and trade analysts use this metric to assess the competitiveness of Tennessee firms in the Colombian market.
Key Facts
- Tennessee exported $302 million in goods to Colombia in 2021.
- Colombia was Tennessee's 29th largest export market in 2021.
- The number of Tennessee exporters to Colombia has grown by 25% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in Tennessee that export goods to Colombia. It provides insight into the trade relationship between the two economies.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for policymakers and trade analysts to assess the competitiveness of Tennessee firms in the Colombian market and the broader commercial integration between the two economies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of U.S. businesses.
Q: How is this trend used in economic policy?
A: Governments and trade associations use this metric to monitor state-level export activity and identify opportunities to support Tennessee businesses accessing the Colombian market.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most current trade environment. Additionally, the survey-based methodology has potential sampling and reporting limitations.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Colombia from Tennessee (TNCOLA475SCEN), retrieved from FRED.