Number of Identified Exporters to Hong Kong from Illinois
ILHKGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,565.00
Year-over-Year Change
-3.34%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Hong Kong from Illinois' trend measures the count of businesses based in Illinois that export goods to Hong Kong. This data provides insights into the trade activity and economic ties between Illinois and the Hong Kong market.
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 number of distinct Illinois-based companies that have reported exporting products to Hong Kong. The data is collected by the U.S. Census Bureau and provides a high-level view of the export activity from this U.S. state to the key Asian trading hub.
Methodology
The data is compiled from mandatory business surveys and customs declarations.
Historical Context
This trend is monitored by economists and policymakers to assess the health of Illinois' export sector and trade relationship with Hong Kong.
Key Facts
- Illinois is a major exporting state, with over $65 billion in goods exports annually.
- Hong Kong is Illinois' 7th largest export market, receiving $1.7 billion in goods in 2021.
- The number of Illinois exporters to Hong Kong has grown by 23% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of distinct businesses based in Illinois that have reported exporting goods to Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade ties and export activity between Illinois and the key Hong Kong market, which is an important indicator of the state's economic health and global competitiveness.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau from mandatory business surveys and customs declarations.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess Illinois' export sector and trade relationship with Hong Kong, which informs decisions around economic development, trade agreements, and export promotion initiatives.
Q: Are there update delays or limitations?
A: This data is published on a monthly basis with a 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Hong Kong from Illinois (ILHKGA475SCEN), retrieved from FRED.