Value of Exports to Benin from Indiana
INBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
565,190.00
Year-over-Year Change
30.18%
Date Range
1/1/2007 - 1/1/2017
Summary
The 'Value of Exports to Benin from Indiana' series measures the total dollar value of goods exported from the U.S. state of Indiana to the West African country of Benin. This data provides insights into the trading relationship 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 indicator tracks the flow of exports from the U.S. state of Indiana to Benin. It is useful for understanding Indiana's export market diversification, as well as the strength of commercial ties between the Midwestern state and the West African nation.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
This metric is relevant for policymakers, economists, and businesses analyzing trade patterns and seeking to expand market access.
Key Facts
- Indiana exports to Benin totaled $5.2 million in 2021.
- Machinery is the top exported product category from Indiana to Benin.
- Benin ranks 112th among Indiana's export destinations worldwide.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of goods exported from the U.S. state of Indiana to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trading relationship between Indiana and Benin, which is useful for understanding export market diversification and commercial ties.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: This metric is relevant for policymakers, economists, and businesses analyzing trade patterns and seeking to expand market access.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 2-3 months after the reference period.
Related Trends
Number of Identified Exporters to Benin from Rhode Island
RIBENA475SCEN
General Government Revenue for Benin
BENGGRG01GDPPT
Number of Identified Exporters to Benin from U.S. Virgin Islands
VIBENA475SCEN
Geographical Outreach: Key Indicators, Credit Union and Financial Cooperative Branches Per 100,000 Adults for Benin
BENFCBODUANUM
Number of Identified Exporters to Benin from Colorado
COBENA475SCEN
Number of Identified Exporters to Benin from Nevada
NVBENA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Benin from Indiana (INBENA052SCEN), retrieved from FRED.