Value of Exports to Mexico from Illinois
ILMEXA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,447,328,619.00
Year-over-Year Change
263.79%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Mexico from Illinois' series measures the total value of goods and services exported from the state of Illinois to Mexico. This metric is important for analyzing trade flows and economic integration between U.S. states and international markets.
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 value of exports originating from Illinois and destined for Mexico. It provides insights into the commercial relationship and economic interdependence between the two regions. Economists and policymakers use this data to assess the impact of trade policies, exchange rate fluctuations, and changes in consumer demand.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export value trend is closely monitored by trade analysts, as it reflects the strength of commercial ties between Illinois and Mexico, which are important economic partners.
Key Facts
- Illinois is one of the top exporting states to Mexico.
- Mexico is Illinois' second-largest export market after Canada.
- Exports to Mexico account for over 15% of Illinois' total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the state of Illinois to Mexico. It provides insights into the commercial relationship and trade flows between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for economists and policymakers to assess the strength of commercial ties between Illinois and Mexico, which are key economic partners. It helps analyze the impact of trade policies and economic conditions on state-level export performance.
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: This export value trend is closely monitored by trade analysts, as it reflects the strength of commercial ties between Illinois and Mexico, an important export market. Policymakers use this data to evaluate the impact of trade agreements and exchange rate movements on state-level export performance.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the U.S. Census Bureau, and there may be occasional delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Value of Exports to Mexico from Illinois (ILMEXA052SCEN), retrieved from FRED.