Value of Exports to Dominican Republic from Illinois
ILDOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
229,080,211.00
Year-over-Year Change
174.49%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Dominican Republic from Illinois' series measures the value of goods and services exported from the state of Illinois to the Dominican Republic. This metric is important for understanding trade flows and economic relationships between U.S. states and other countries.
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 tracks the dollar value of all products and services exported from Illinois businesses to customers in the Dominican Republic. It provides insight into the strength of the trade relationship between Illinois and this Caribbean nation and can be used to analyze trends in regional export activity.
Methodology
The data is collected by the U.S. Census Bureau through surveys of U.S. exporters.
Historical Context
Policymakers and economists use this metric to evaluate the health of Illinois' export economy and its integration with global markets.
Key Facts
- Illinois is one of the top exporting states in the U.S.
- The Dominican Republic is Illinois' 36th largest export market.
- Machinery and transportation equipment are major Illinois exports to the DR.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the state of Illinois to customers in the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of the trade relationship between Illinois and the Dominican Republic, which is important for understanding regional economic dynamics and export-driven growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of U.S. exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the health of Illinois' export economy and its integration with global markets.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the series does not capture all informal or unreported trade activities.
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Citation
U.S. Federal Reserve, Value of Exports to Dominican Republic from Illinois (ILDOMA052SCEN), retrieved from FRED.