Value of Exports to Switzerland from Illinois
ILCHEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
317,612,963.00
Year-over-Year Change
90.46%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Switzerland from Illinois' measures the total value of goods and services exported from Illinois to Switzerland. This metric is important for understanding Illinois' international trade relationships and economic interdependence.
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 tracks the dollar value of all products and services shipped from Illinois to Switzerland. It offers insights into the strength of the commercial ties between the state and this major European trading partner.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and businesses use this metric to analyze Illinois' export performance and guide economic development strategies.
Key Facts
- Illinois is a major exporter to Switzerland.
- Switzerland is a top destination for Illinois' agricultural products.
- Export values have fluctuated over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of goods and services exported from the state of Illinois to Switzerland.
Q: Why is this trend relevant for users or analysts?
A: This data offers insights into the economic relationship between Illinois and one of its key international trading partners, which is valuable for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Governments and businesses use this metric to analyze export performance and guide economic development strategies.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric may not capture all cross-border trade flows.
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Citation
U.S. Federal Reserve, Value of Exports to Switzerland from Illinois (ILCHEA052SCEN), retrieved from FRED.