Value of Exports to Canada from Illinois
ILCANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,053,276,112.00
Year-over-Year Change
74.27%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Canada from Illinois' trend measures the dollar value of goods exported from the state of Illinois to Canada. This data provides insights into economic activity and trade patterns between Illinois and its northern neighbor.
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 value of physical goods and commodities exported from Illinois to Canada. It serves as an important metric for understanding regional trade flows, supply chain dynamics, and the broader economic relationship between the two locations.
Methodology
The data is collected through official government trade statistics and surveys of Illinois exporters.
Historical Context
Policymakers and economists analyze this trend to assess the strength of cross-border commercial activity and its impact on local and national economies.
Key Facts
- Illinois is one of the top exporting states to Canada.
- Manufacturing goods make up a large portion of Illinois exports to Canada.
- Trade with Canada supports thousands of jobs in Illinois.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Canada from Illinois' trend measures the dollar value of physical goods and commodities exported from the state of Illinois to Canada.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic relationship between Illinois and Canada, which is an important trading partner. It helps analysts and policymakers understand regional trade flows and their broader economic implications.
Q: How is this data collected or calculated?
A: The data is collected through official government trade statistics and surveys of Illinois exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the strength of cross-border commercial activity and its impact on local and national economies, informing decisions related to trade agreements, investment, and economic development.
Q: Are there update delays or limitations?
A: There may be some delay in data reporting and publishing, as the information is sourced from government agencies and surveys. Users should be aware of potential lags or revisions when analyzing the most recent data.
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Citation
U.S. Federal Reserve, Value of Exports to Canada from Illinois (ILCANA052SCEN), retrieved from FRED.