Value of Exports to Ethiopia from Illinois
ILETHA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,493,999.00
Year-over-Year Change
435.86%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ethiopia from Illinois' measures the total dollar value of goods and services exported from the U.S. state of Illinois to Ethiopia. This metric is important for understanding trade flows and economic relationships between the two regions.
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 trend represents the monetary value of all products and services shipped from businesses located in Illinois to buyers in Ethiopia. It is used by economists, policymakers, and trade analysts to assess the strength of commercial ties and identify trends in the bilateral trade relationship.
Methodology
The data is collected through customs declarations and surveys of exporting companies by the U.S. Census Bureau.
Historical Context
This export data informs discussions around trade policy, international business opportunities, and economic development strategies.
Key Facts
- Illinois is the 5th largest exporting state in the U.S.
- Ethiopia is a fast-growing economy in East Africa.
- Top Illinois exports to Ethiopia include machinery, vehicles, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Ethiopia from Illinois' measures the total monetary value of goods and services exported from the U.S. state of Illinois to Ethiopia.
Q: Why is this trend relevant for users or analysts?
A: This export data is important for understanding trade flows, identifying business opportunities, and informing economic development strategies between Illinois and Ethiopia.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs declarations and surveys of exporting companies.
Q: How is this trend used in economic policy?
A: This export value trend is used by policymakers, trade analysts, and economists to assess the strength of commercial ties and inform discussions around international trade policy.
Q: Are there update delays or limitations?
A: There may be several months of lag in reporting the latest export figures due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Value of Exports to Ethiopia from Illinois (ILETHA052SCEN), retrieved from FRED.