Number of Identified Exporters to Canada from Illinois
ILCANA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,826.00
Year-over-Year Change
17.51%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Canada from Illinois measures the number of businesses located in Illinois that export goods to Canada. This metric provides insights into trade activity and the economic ties between the two 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 trend represents the count of unique Illinois-based businesses that export products to Canada, one of the state's largest trade partners. The data offers valuable information about the scale and composition of Illinois' export economy.
Methodology
The data is collected through a survey of businesses and customs records.
Historical Context
Policymakers and economists use this metric to assess the health of Illinois' export sector and its relationship with the Canadian market.
Key Facts
- Illinois is one of the top exporting states in the U.S.
- Canada is Illinois' largest export market, accounting for over $22 billion in exports annually.
- The number of Illinois exporters to Canada has grown by 12% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in Illinois that export goods to Canada, one of the state's largest trade partners.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and composition of Illinois' export economy, which is crucial for understanding the state's trade relationships and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through a survey of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the health of Illinois' export sector and its relationship with the Canadian market, informing trade and economic development policies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all small or informal exporters.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Canada from Illinois (ILCANA475SCEN), retrieved from FRED.