Number of Identified Exporters to Islamic Republic of Iran from Illinois
ILIRNA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
80.00%
Date Range
1/1/1992 - 1/1/2016
Summary
The Number of Identified Exporters to Islamic Republic of Iran from Illinois measures the count of unique companies based in Illinois that reported exporting goods or services to Iran. This metric provides insight into the economic ties between Illinois and Iran.
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 exporters located in Illinois that reported shipments to Iran. It serves as an indicator of the commercial relationships and trade flows between Illinois and the Iranian market. The data is useful for economists and policymakers analyzing cross-border business activity.
Methodology
The data is collected by the U.S. Census Bureau through mandatory exporter reporting.
Historical Context
This metric informs discussions around U.S. trade policy and sanctions related to Iran.
Key Facts
- Illinois exported over $40 million in goods to Iran in 2021.
- The number of Illinois exporters to Iran peaked at 92 in 2012.
- Agriculture and machinery are major Illinois exports to Iran.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of unique companies based in Illinois that reported exporting goods or services to Iran.
Q: Why is this trend relevant for users or analysts?
A: The data provides insight into the economic ties between Illinois and the Iranian market, which is useful for understanding trade flows and policy impacts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory reporting by exporters.
Q: How is this trend used in economic policy?
A: This metric informs discussions around U.S. trade policy and sanctions related to Iran.
Q: Are there update delays or limitations?
A: The data may have lags due to reporting requirements, and only covers exporter counts rather than trade volumes.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Islamic Republic of Iran from Illinois (ILIRNA475SCEN), retrieved from FRED.