Value of Exports to Bermuda from Illinois
ILBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,045,244.00
Year-over-Year Change
45.90%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Bermuda from Illinois' series measures the dollar value of goods exported from the state of Illinois to the island nation of Bermuda. This data provides insights into trade flows and economic relationships between specific U.S. states and foreign markets.
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 tracks the total value of merchandise exports originating from Illinois and destined for Bermuda. It is useful for analyzing regional trade patterns, identifying key export industries, and assessing the economic ties between Illinois and its global trading partners.
Methodology
The data is collected and reported by the U.S. Census Bureau through its U.S. Exports by State program.
Historical Context
Policymakers and economists use this state-level export data to inform decisions on trade policies, investment attraction, and economic development strategies.
Key Facts
- Illinois is a major exporting state, accounting for over $65 billion in total exports annually.
- Bermuda is a significant trading partner for Illinois, ranking among the top 20 destinations for the state's exports.
- The value of Illinois' exports to Bermuda has grown by over 25% in the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Bermuda from Illinois' series measures the total dollar value of goods and merchandise exported from the state of Illinois to the island nation of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the economic relationship and trade flows between Illinois and Bermuda, which can inform decision-making on trade policies, investment attraction, and economic development strategies.
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. Exports by State program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this state-level export data to analyze regional trade patterns, identify key export industries, and assess the economic ties between Illinois and its global trading partners.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Census Bureau, with a typical lag of several months between the reporting period and public release.
Related Trends
Value of Exports to Bermuda from Wyoming
WYBMUA052SCEN
Number of Identified Exporters to Bermuda from Kentucky
KYBMUA475SCEN
Number of Identified Exporters to Bermuda from North Dakota
NDBMUA475SCEN
Value of Exports to Bermuda from Colorado
COBMUA052SCEN
Number of Identified Exporters to Bermuda from Kansas
KSBMUA475SCEN
U.S. Imports of Goods by Customs Basis from Bermuda
IMP2320
Citation
U.S. Federal Reserve, Value of Exports to Bermuda from Illinois (ILBMUA052SCEN), retrieved from FRED.