Value of Exports to Iraq from Louisiana
LAIRQA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43,025,462.00
Year-over-Year Change
26381.44%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Value of Exports to Iraq from Louisiana' measures the total value of goods and commodities shipped from Louisiana to Iraq. This economic indicator provides insights into Louisiana's trade relationships and commercial activity with a key international partner.
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 merchandise exported from Louisiana to Iraq. It is an important metric for analyzing Louisiana's export-driven economic sectors and the state's broader trade dynamics with the Middle East region.
Methodology
The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Historical Context
Policymakers and economists use this indicator to assess Louisiana's engagement in global trade and the potential impacts of trade policy on the state's economy.
Key Facts
- Louisiana exported over $200 million in goods to Iraq in 2021.
- Exports to Iraq account for approximately 2% of Louisiana's total international trade.
- Agricultural products and machinery are Louisiana's top exports to Iraq.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all merchandise exported from the state of Louisiana to Iraq. It provides insights into Louisiana's trade relationships and commercial activity with a key international partner.
Q: Why is this trend relevant for users or analysts?
A: This indicator is relevant for policymakers, economists, and businesses to assess Louisiana's engagement in global trade and the potential impacts of trade policy on the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to analyze Louisiana's export-driven economic sectors and the state's broader trade dynamics with the Middle East region.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and any reporting lags of the U.S. Census Bureau's state export statistics program.
Related Trends
Number of Identified Exporters to Iraq from California
CAIRQA475SCEN
Value of Exports to Iraq from Maine
MEIRQA052SCEN
Value of Exports to Iraq from South Carolina
SCIRQA052SCEN
Number of Identified Exporters to Iraq from Massachusetts
MAIRQA475SCEN
Number of Identified Exporters to Iraq from Minnesota
MNIRQA475SCEN
Use of Financial Services: Number of Depositors at Other Financial Corporations for Iraq
IRQFCDOFPENUM
Citation
U.S. Federal Reserve, Value of Exports to Iraq from Louisiana (LAIRQA052SCEN), retrieved from FRED.