Value of Exports to Colombia from Utah
UTCOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,635,566.00
Year-over-Year Change
164.18%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Colombia from Utah' series measures the dollar value of goods and services exported from the state of Utah to the country of Colombia. This metric is important for economists and policymakers to analyze trade flows and market opportunities.
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 exports originating from Utah businesses and shipped to Colombia. It provides insight into the economic relationship and commercial ties between Utah and one of its key South American trading partners.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Policymakers use this data to evaluate the impact of trade agreements and economic development initiatives.
Key Facts
- Utah's exports to Colombia totaled $XX million in the latest year.
- Colombia ranks as Utah's Xth largest export destination.
- Top exported products from Utah to Colombia include [X, Y, Z].
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the state of Utah to the country of Colombia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic relationship and trade flows between Utah and one of its key South American trading partners, which is valuable for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Policymakers use this data to evaluate the impact of trade agreements and economic development initiatives on Utah's exports to Colombia.
Q: Are there update delays or limitations?
A: The data is subject to periodic revisions and may have a 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, Value of Exports to Colombia from Utah (UTCOLA052SCEN), retrieved from FRED.