Value of Exports to Benin from Illinois
ILBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,147,073.00
Year-over-Year Change
196.78%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Benin from Illinois' series tracks the dollar value of goods and services exported from the U.S. state of Illinois to the West African nation of Benin. This metric is a key indicator of trade activity and economic ties between these 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 series measures the dollar value of all merchandise and services exported from Illinois to Benin. It provides insight into the scale and trends of Illinois' trade relationship with this African market, which is relevant for policymakers, businesses, and economic analysts studying regional trade flows.
Methodology
The data is compiled by the U.S. Census Bureau based on surveys of exporters and customs records.
Historical Context
Trends in this series can signal changes in market access, trade policy, or demand that impact Illinois' exporters and the broader state economy.
Key Facts
- Illinois was the 5th largest exporting state in the U.S. in 2021.
- Benin is a major trading partner for West Africa, with $1.4 billion in total imports in 2020.
- The value of Illinois' exports to Benin peaked at $63 million in 2013.
FAQs
Q: What does this economic trend measure?
A: This series tracks the dollar value of goods and services exported from the U.S. state of Illinois to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and trends of Illinois' trade relationship with the Benin market, which is relevant for policymakers, businesses, and economists studying regional trade flows.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau based on surveys of exporters and customs records.
Q: How is this trend used in economic policy?
A: Trends in this series can signal changes in market access, trade policy, or demand that impact Illinois' exporters and the broader state economy.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this trade data by the Census Bureau.
Related Trends
Use of Financial Services: Key Indicators, Outstanding Loans from Credit Unions and Financial Cooperatives for Benin
BENFCSODUGGDPPT
Number of Identified Exporters to Benin from North Dakota
NDBENA475SCEN
Use of Financial Services: Key Indicators, Outstanding Loans from Commercial Banks for Benin
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Value of Exports to Benin from New Mexico
NMBENA052SCEN
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Value of Exports to Benin from Oklahoma
OKBENA052SCEN
Citation
U.S. Federal Reserve, Value of Exports to Benin from Illinois (ILBENA052SCEN), retrieved from FRED.