Value of Exports to Ecuador from Illinois
ILECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78,468,279.00
Year-over-Year Change
196.95%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ecuador from Illinois' metric tracks the total dollar value of goods exported from the state of Illinois to Ecuador. This data provides insights into the trade relationship and economic ties between Illinois and Ecuador.
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 series reports the total value of merchandise exported from the state of Illinois to the country of Ecuador. It is an important indicator of the trade flow and commercial activity between these two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau through their state export series.
Historical Context
Analysts and policymakers use this data to monitor trends in regional trade patterns and the broader Illinois-Ecuador economic relationship.
Key Facts
- Illinois is a major exporting state, shipping over $50 billion in goods annually.
- Ecuador is an important South American trading partner for Illinois businesses.
- Manufacturing and agricultural products make up the bulk of Illinois exports to Ecuador.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Ecuador from Illinois' metric tracks the total dollar value of merchandise goods exported from the state of Illinois to the country of Ecuador.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship and commercial activity between the Illinois and Ecuador economies, which is relevant for analysts, businesses, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through their state export series.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this data to monitor trends in regional trade patterns and the broader Illinois-Ecuador economic relationship, which can inform trade and economic development policies.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, but there may be some delay in the most recent figures being available.
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Citation
U.S. Federal Reserve, Value of Exports to Ecuador from Illinois (ILECUA052SCEN), retrieved from FRED.