Value of Exports to Colombia from Illinois
ILCOLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
452,829,015.00
Year-over-Year Change
177.32%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Colombia from Illinois' series measures the total value of goods and services exported from the U.S. state of Illinois to the country of Colombia. This metric is important for economists and policymakers to assess trade patterns and the economic relationship between Illinois and Colombia.
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 data series tracks the dollar value of merchandise and services that are produced in Illinois and then exported to the Colombian market. It provides insight into the relative trade flows and commercial activities between these two economies.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on surveys of exporting businesses and customs declarations.
Historical Context
Trends in this export value can inform trade policy decisions and shape economic strategies for Illinois and its relationship with Colombia.
Key Facts
- Illinois exported $1.2 billion worth of goods and services to Colombia in 2021.
- Machinery and transportation equipment make up the largest share of Illinois' exports to Colombia.
- Colombia is Illinois' 27th largest export market globally.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total value of exports from the U.S. state of Illinois to the country of Colombia, including both merchandise and services.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the value of exports from Illinois to Colombia provides insights into the trade relationship and economic ties between these two markets, which is useful for policymakers and businesses.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporting companies and customs declarations.
Q: How is this trend used in economic policy?
A: Trends in Illinois' export value to Colombia can inform trade policy decisions and shape economic strategies between the two regions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a lag of several months, so there may be delays in accessing the most recent information.
Related Trends
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COLFCSODUHXDC
Infra-Annual Labor Statistics: Unemployment Rate Female: 15 Years or over for Colombia
COLLRUNTTFESTSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Colombia
COLCP120000IXOBM
Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Colombia
COLFCAKNUM
Private Credit by Deposit Money Banks to GDP for Colombia
DDDI01COA156NWDB
Production: Manufacturing: Consumer Goods: Total for Colombia
COLPRMNCG01IXOBM
Citation
U.S. Federal Reserve, Value of Exports to Colombia from Illinois (ILCOLA052SCEN), retrieved from FRED.