Value of Exports to Spain from Illinois
ILESPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
263,658,746.00
Year-over-Year Change
-1.98%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Spain from Illinois' measures the total dollar value of goods and services exported from the state of Illinois to Spain. This data point is important for policymakers and economists to track trade flows and economic relationships between regional economies.
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 represents the monetary value of all products and services shipped from Illinois businesses and producers to customers in Spain. It is a key indicator of the trade and commercial ties between the Illinois and Spanish economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Analysts and policymakers use this metric to assess the health of Illinois' export sector and its overall economic integration with the Spanish market.
Key Facts
- Illinois is one of the top exporting states in the U.S.
- Spain is a major trading partner for Illinois businesses.
- Exports support thousands of jobs in Illinois' manufacturing and agriculture sectors.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of goods and services exported from the state of Illinois to customers in Spain.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding the trade relationship between Illinois and Spain, which is a key indicator of economic integration and performance.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through business surveys and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Illinois' export sector and its overall economic ties with the Spanish market.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be lags of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Value of Exports to Spain from Illinois (ILESPA052SCEN), retrieved from FRED.