Number of Identified Exporters to Morocco from Illinois
ILMARA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.00
Year-over-Year Change
81.67%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to Morocco from the U.S. state of Illinois. It provides insights into the state's international trade activity and competitiveness.
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
The Number of Identified Exporters to Morocco from Illinois tracks the count of businesses based in Illinois that sell goods or services to customers in Morocco. This metric offers valuable data on the state's export sector and its engagement with a key North African market.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers and industry analysts to gauge Illinois' export performance and potential areas for trade expansion.
Key Facts
- Illinois is a major exporting state, accounting for over $65 billion in annual merchandise exports.
- Morocco is a growing market for Illinois exporters, with sales increasing by 12% over the past 5 years.
- The number of identified Illinois exporters to Morocco has risen steadily, reaching a record high in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses based in Illinois that export goods or services to customers in Morocco.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into Illinois' international trade dynamics and competitiveness in the Moroccan market, which is important for policymakers and industry stakeholders.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade organizations use this trend to monitor Illinois' export performance and identify opportunities to support state businesses in expanding their presence in the Moroccan market.
Q: Are there update delays or limitations?
A: This data is published on a quarterly basis, with a 3-month lag. The Census Bureau's survey coverage may not capture all exporters, particularly smaller businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Morocco from Illinois (ILMARA475SCEN), retrieved from FRED.