Number of Identified Exporters to Democratic People's Republic of Korea from Illinois
ILPRKA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2003 - 1/1/2003
Summary
This economic trend measures the number of exporters from the U.S. state of Illinois to the Democratic People's Republic of Korea (North Korea). It provides insights into trade dynamics between Illinois and this destination market.
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
The Number of Identified Exporters to Democratic People's Republic of Korea from Illinois series tracks the count of unique businesses located in Illinois that export goods to North Korea. This metric is used by economists and policymakers to analyze patterns in Illinois' international trade relationships and the impacts of economic sanctions.
Methodology
The data is collected by the U.S. Census Bureau through mandatory exporter surveys and administrative records.
Historical Context
This trend is relevant for assessing the effectiveness of U.S. trade policies and sanctions targeting North Korea.
Key Facts
- Illinois is a major U.S. exporting state.
- North Korea is heavily sanctioned by the U.S. government.
- Exporter counts can signal compliance with trade restrictions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in the U.S. state of Illinois that export goods to North Korea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Illinois' trade relationship with North Korea and can signal the effectiveness of economic sanctions targeting that country.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory exporter surveys and administrative records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the impacts of U.S. trade policies and sanctions on North Korea.
Q: Are there update delays or limitations?
A: There may be delays in data reporting, and the metric only captures identified exporters, not the full scope of trade.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Democratic People's Republic of Korea from Illinois (ILPRKA475SCEN), retrieved from FRED.