Value of Exports to Mozambique from Illinois
ILMOZA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,010,124.00
Year-over-Year Change
1290.39%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Mozambique from Illinois' trend tracks the total value of goods exported from the U.S. state of Illinois to Mozambique. This metric is crucial for analyzing trade flows and economic ties between the two regions.
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 measures the dollar value of physical commodities, manufactured goods, and other products exported from Illinois to the southern African nation of Mozambique. It provides insights into the commercial relationship and trade balance between these geographies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters and customs records.
Historical Context
Policymakers and businesses use this trend to monitor changes in Illinois' exports to Mozambique, which can inform trade policy, investment decisions, and economic development strategies.
Key Facts
- Illinois is the 5th largest exporting state in the U.S.
- Mozambique is a key trading partner for many U.S. states.
- Exports account for over 10% of Illinois' gross state product.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of goods and products exported from the U.S. state of Illinois to the country of Mozambique.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the trade relationship and economic ties between Illinois and Mozambique, which is valuable for policymakers, businesses, and economists analyzing regional commerce.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters and customs records.
Q: How is this trend used in economic policy?
A: Governments, trade associations, and companies utilize this trend to monitor changes in Illinois' exports to Mozambique, informing trade policy, investment decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the latest data due to the time required for collection and compilation by statistical agencies.
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Citation
U.S. Federal Reserve, Value of Exports to Mozambique from Illinois (ILMOZA052SCEN), retrieved from FRED.