Value of Exports to Denmark from Illinois
ILDNKA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99,008,387.00
Year-over-Year Change
-10.70%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Denmark from Illinois' series measures the total value of goods and services exported from the state of Illinois to the country of Denmark. This metric is important for economists and policymakers to understand regional trade patterns and the relative strength of international economic relationships.
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 represents the dollar value of all products and services that are produced in Illinois and then sold to customers or businesses in Denmark. It provides insight into the trade balance and commercial ties between the state of Illinois and the Danish economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers use this metric to inform decisions around trade agreements, tariffs, and economic development strategies.
Key Facts
- Illinois is the 5th largest exporting state in the U.S.
- Denmark is Illinois' 23rd largest export market globally.
- Machinery, chemicals, and transportation equipment are top Illinois exports to Denmark.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the state of Illinois to Denmark. It represents the commercial trade flow between the two economies.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic relationship and trade balance between Illinois and Denmark, which is important for policymakers, businesses, and economists analyzing regional trade patterns.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to inform decisions around trade agreements, tariffs, and economic development strategies that aim to strengthen commercial ties between Illinois and Denmark.
Q: Are there update delays or limitations?
A: There may be a several month delay in data availability due to the time required for collection and processing by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Denmark from Illinois (ILDNKA052SCEN), retrieved from FRED.