Value of Exports to Bangladesh from Illinois
ILBGDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,471,585.00
Year-over-Year Change
141.95%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Bangladesh from Illinois' metric tracks the dollar value of goods and services exported from the U.S. state of Illinois to Bangladesh. This data provides insight into trade flows and economic relationships 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 indicator represents the total monetary value of all products and services shipped from Illinois to Bangladesh during a given time period. It is used by economists, trade analysts, and policymakers to understand the commercial exchange and interdependence between these two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau through its U.S. International Trade Data program.
Historical Context
Tracking exports to key trade partners is important for assessing the health of a state's economy and identifying opportunities or challenges in global commerce.
Key Facts
- Illinois exported over $200 million in goods to Bangladesh in 2021.
- Machinery and agricultural products are major Illinois exports to Bangladesh.
- Bangladesh is one of the fastest-growing economies in the world.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total monetary value of all products and services exported from the U.S. state of Illinois to Bangladesh during a given time period.
Q: Why is this trend relevant for users or analysts?
A: Monitoring export flows is crucial for understanding trade relationships, identifying economic opportunities, and assessing the health of state and national economies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its U.S. International Trade Data program.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this data to inform decisions about international commerce, tariffs, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be a several-month delay in the availability of the most recent data due to the time required for collection and reporting.
Related Trends
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BGDFCBODUANUM
Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for Bangladesh
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Number of Identified Exporters to Bangladesh from Indiana
INBGDA475SCEN
Use of Financial Services Deposit Accounts: Household Accounts at Credit Unions and Financial Cooperatives for Bangladesh
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Geographical Outreach: Number of Branches in 3 Largest Cities, Excluding Headquarters, for Commercial Banks for Bangladesh
BGDFCBODCLNUM
Geographical Outreach: Number of Commercial Banks for Bangladesh
BGDFCIODCNUM
Citation
U.S. Federal Reserve, Value of Exports to Bangladesh from Illinois (ILBGDA052SCEN), retrieved from FRED.