Value of Exports to Islamic Republic of Iran from Louisiana
LAIRNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117,979,994.00
Year-over-Year Change
151.21%
Date Range
1/1/1992 - 1/1/2015
Summary
This economic trend tracks the value of exports from the state of Louisiana to the Islamic Republic of Iran. It provides insight into trade dynamics between the U.S. and Iran, which is of interest to policymakers and analysts.
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 Value of Exports to Islamic Republic of Iran from Louisiana indicator measures the total dollar value of goods and services exported from Louisiana to Iran. This data series is used to analyze Louisiana's trade relationship with Iran and understand the state's role in U.S.-Iran commercial activities.
Methodology
The data is collected by the U.S. Census Bureau through customs records and surveys of exporting businesses.
Historical Context
This metric is relevant for understanding state-level economic policy, cross-border trade, and the impacts of sanctions or trade agreements.
Key Facts
- Louisiana is a major exporting state, accounting for over $63 billion in total exports in 2021.
- Iran was the 49th largest destination for Louisiana exports in 2021.
- Top Louisiana exports to Iran include agricultural products, machinery, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of goods and services exported from the state of Louisiana to the Islamic Republic of Iran.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Louisiana's trade relationship with Iran, which is important for understanding state-level economic policy and the impacts of sanctions or trade agreements.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs records and surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: This metric is relevant for policymakers, economists, and market analysts to assess state-level trade dynamics and the potential effects of changes in U.S.-Iran commercial relations.
Q: Are there update delays or limitations?
A: There may be some time lag in data availability due to the collection process, and the data does not capture all informal or unreported trade activities.
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Citation
U.S. Federal Reserve, Value of Exports to Islamic Republic of Iran from Louisiana (LAIRNA052SCEN), retrieved from FRED.