Number of Identified Exporters to Ecuador from Illinois
ILECUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
429.00
Year-over-Year Change
55.43%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Ecuador from Illinois measures the total number of businesses in Illinois that export goods and services to Ecuador. This metric provides insight into the economic relationship and trade flows between the state of Illinois and Ecuador.
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 number of unique exporting entities located in Illinois that ship goods or services to Ecuador. It serves as an indicator of the scope and depth of Illinois' export presence in the Ecuadorian market, which is relevant for assessing the state's trade dynamics and competitiveness.
Methodology
The data is collected through surveys of businesses and customs records by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this trend to monitor Illinois' export performance and market diversification efforts.
Key Facts
- Illinois is a major exporting state, shipping over $60 billion in goods annually.
- Ecuador is an important trade partner for the U.S., ranking among the top 50 export destinations.
- The number of Illinois exporters to Ecuador has grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of businesses located in Illinois that export goods or services to the country of Ecuador.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the depth and breadth of Illinois' export relationships with Ecuador, which is important for assessing the state's trade performance and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and customs records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor Illinois' export performance and inform decisions around trade promotion, market diversification, and economic development programs.
Q: Are there update delays or limitations?
A: There may be a 6-12 month delay in data availability due to the survey and collection process. The data also does not capture all small or informal exporters.
Related Trends
Number of Identified Exporters to Ecuador from Nevada
NVECUA475SCEN
Bank Concentration for Ecuador
DDOI01ECA156NWDB
Number of Identified Exporters to Ecuador from U.S. Virgin Islands
VIECUA475SCEN
Use of Financial Services Borrowers: Persons Borrowing from Credit Unions and Financial Cooperatives for Ecuador
ECUFCRODUPENUM
Bank Capital to Total Assets for Ecuador
DDSI03ECA156NWDB
Number of Identified Exporters to Ecuador from Maine
MEECUA475SCEN
Citation
U.S. Federal Reserve, Number of Identified Exporters to Ecuador from Illinois (ILECUA475SCEN), retrieved from FRED.