Value of Exports to Chad from Illinois
ILTCDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,725.00
Year-over-Year Change
8.29%
Date Range
1/1/2004 - 1/1/2016
Summary
The 'Value of Exports to Chad from Illinois' trend measures the dollar value of goods and services exported from the state of Illinois to the African country of Chad. This metric is important for understanding Illinois' trade relationships and economic integration with 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 total value of exports originating from Illinois and destined for Chad. It provides insight into the commercial activity and economic ties between the two regions, which is relevant for policymakers, trade analysts, and businesses seeking to expand their global footprint.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declaration forms.
Historical Context
This export data informs decisions around trade policy, market access, and economic development strategies.
Key Facts
- Illinois is one of the top exporting states in the U.S.
- Chad is a landlocked country in Central Africa.
- Trade with Chad accounts for a small fraction of Illinois' total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of Illinois to the country of Chad.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the commercial relationship and economic integration between Illinois and Chad, which is useful for policymakers, trade analysts, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau based on customs declaration forms.
Q: How is this trend used in economic policy?
A: This export data informs decisions around trade policy, market access, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the time required for customs processing and data aggregation.
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Citation
U.S. Federal Reserve, Value of Exports to Chad from Illinois (ILTCDA052SCEN), retrieved from FRED.