Value of Exports to Brunei Darussalam from Illinois
ILBRNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,546,548.00
Year-over-Year Change
302.84%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Brunei Darussalam from Illinois' metric tracks the total value of goods and services exported from the U.S. state of Illinois to the Southeast Asian nation of Brunei Darussalam. This data point is important for analyzing Illinois' trade relationships and economic connections with foreign 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 economic series measures the total dollar value of exports originating from the state of Illinois destined for Brunei Darussalam. The data can offer insights into the trade flows and commercial ties between Illinois and this key Southeast Asian trading partner.
Methodology
The U.S. Census Bureau collects this data through surveys of businesses and other sources.
Historical Context
Policymakers and economists use this metric to understand Illinois' export activity and trade dynamics with Brunei Darussalam.
Key Facts
- Illinois exported $36.5 million in goods and services to Brunei in 2021.
- Brunei is a relatively small but strategically important trading partner for Illinois.
- Exports to Brunei account for less than 0.1% of total Illinois exports.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of exports from the U.S. state of Illinois to the country of Brunei Darussalam.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship and commercial ties between Illinois and Brunei, which is an important economic indicator for policymakers and businesses.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and other sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to understand Illinois' export activity and trade dynamics with Brunei Darussalam.
Q: Are there update delays or limitations?
A: This data is published regularly by the U.S. Census Bureau, but may have a short lag time before becoming available.
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Population, Total for Brunei Darussalam
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Citation
U.S. Federal Reserve, Value of Exports to Brunei Darussalam from Illinois (ILBRNA052SCEN), retrieved from FRED.