Value of Exports to United Arab Emirates from Illinois
ILAREA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
492,177,172.00
Year-over-Year Change
167.68%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Arab Emirates from Illinois' trend measures the total dollar value of goods and services exported from the state of Illinois to the United Arab Emirates. This provides insight into trade flows and economic ties between Illinois and this key international market.
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 total monetary value of all products and services that are exported from Illinois to the United Arab Emirates. It is an important metric for understanding the depth of the commercial relationship between the state and this major trade partner in the Middle East.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and economists analyze this trend to assess the health of Illinois' export economy and guide trade policy decisions.
Key Facts
- Illinois is a top exporting state in the U.S.
- The UAE is a major trade partner for Illinois businesses.
- Exports support thousands of jobs in Illinois
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total monetary value of all goods and services exported from the state of Illinois to the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth of the trade relationship between Illinois and a key international market, which is important for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this trend to assess the health of Illinois' export economy and guide trade policy decisions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and availability due to the nature of international trade statistics.
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Citation
U.S. Federal Reserve, Value of Exports to United Arab Emirates from Illinois (ILAREA052SCEN), retrieved from FRED.