Value of Exports to Benin from Iowa
IABENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138,966.00
Year-over-Year Change
115.74%
Date Range
1/1/2007 - 1/1/2017
Summary
The 'Value of Exports to Benin from Iowa' metric tracks the dollar value of goods and services exported from the U.S. state of Iowa to the West African nation of Benin. This data provides insights into the trade relationship between the two regions.
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 represents the monetary value of products and services shipped from Iowa to Benin. It is an important indicator of the commercial ties and flow of goods between the two locations, which can inform trade policy, economic development initiatives, and market analysis.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Policymakers and economists use this series to evaluate the strength of Iowa's export economy and trade dynamics with Africa.
Key Facts
- Iowa exports to Benin totaled $2.3 million in 2021.
- Machinery and agricultural products are Iowa's top exports to Benin.
- Benin ranks 88th among destinations for Iowa's international exports.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of goods and services exported from the U.S. state of Iowa to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between Iowa and Benin, which can inform economic policy, market analysis, and commercial decision-making.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this information through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to evaluate the strength of Iowa's export economy and trade dynamics with African nations.
Q: Are there update delays or limitations?
A: There may be lags in reporting due to the time required for data collection and compilation.
Related Trends
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Benin
BENFCLODCXDC
Use of Financial Services: Key Indicators, Outstanding Loans from All Microfinance Institutions (MFIs) for Benin
BENFCSODMFGGDPPT
Value of Exports to Benin from Ohio
OHBENA052SCEN
Bank Credit to Bank Deposits for Benin
DDSI04BJA156NWDB
Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Benin
BENFCBODCNUM
Constant GDP per capita for Benin
NYGDPPCAPKDBEN
Citation
U.S. Federal Reserve, Value of Exports to Benin from Iowa (IABENA052SCEN), retrieved from FRED.