Value of Exports to Iraq from Indiana
INIRQA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,271,441.00
Year-over-Year Change
-52.11%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Value of Exports to Iraq from Indiana' series measures the total value of goods and services exported from the U.S. state of Indiana to Iraq. This metric is crucial for understanding Indiana's trade relationships and economic integration with global 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 represents the dollar value of all exported products and services originating from businesses and producers located in Indiana and delivered to customers or end-users in Iraq. It is an important indicator of Indiana's export activity and trade dynamics with the Middle East region.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Policymakers and economists use this series to evaluate Indiana's export performance and competitiveness in international trade.
Key Facts
- Indiana is a major exporting state, ranking 12th nationally by export value.
- Exports to Iraq account for approximately 2% of Indiana's total international trade.
- Top exported products from Indiana to Iraq include machinery, transportation equipment, and agricultural goods.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the U.S. state of Indiana to customers and end-users in Iraq.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Indiana's trade relationships and economic integration with global markets, particularly in the Middle East region.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of exporting firms located in Indiana.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to evaluate Indiana's export performance and competitiveness in international trade, which informs decisions on trade agreements, infrastructure investments, and export promotion programs.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there can be a 1-2 month lag in reporting due to the survey collection process.
Related Trends
Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Iraq
IRQFCBODCNUM
Value of Exports to Iraq from Kentucky
KYIRQA052SCEN
Number of Identified Exporters to Iraq Saudi Arabia Neutral Zone from California
CANTHHA475SCEN
Geographical Outreach: Number of Automated Teller Machines (ATMs), Country Wide for Iraq
IRQFCACNUM
Value of Exports to Iraq from Rhode Island
RIIRQA052SCEN
Value of Exports to Iraq from Maine
MEIRQA052SCEN
Citation
U.S. Federal Reserve, Value of Exports to Iraq from Indiana (INIRQA052SCEN), retrieved from FRED.