Number of Identified Exporters to Philippines from Illinois
ILPHLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
700.00
Year-over-Year Change
28.44%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Philippines from Illinois' series tracks the count of unique companies based in Illinois that export goods to the Philippines. This metric is useful for analyzing trends in Illinois' trade relationships and economic integration with the Philippines.
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, published by the U.S. Census Bureau, provides a count of the distinct business entities located in Illinois that reported exporting products to the Philippines. It serves as an indicator of the scale and diversity of Illinois' export activities with this key Southeast Asian trading partner.
Methodology
The data is collected through mandatory business surveys and declarations filed by U.S. exporters.
Historical Context
Policymakers and economists use this series to assess the health and competitiveness of Illinois' export sector and its evolving trade links with the Philippines.
Key Facts
- Illinois is a major U.S. exporting state, accounting for over $65 billion in annual merchandise exports.
- The Philippines is Illinois' 10th largest export market, receiving $1.2 billion in goods in 2021.
- The number of identified Illinois exporters to the Philippines grew by 8% between 2019 and 2021.
FAQs
Q: What does this economic trend measure?
A: This series tracks the count of unique companies based in Illinois that export goods to the Philippines. It serves as an indicator of the scale and diversity of Illinois' export activities with this key trading partner.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for analyzing trends in Illinois' trade relationships and economic integration with the Philippines. Policymakers and economists use it to assess the health and competitiveness of Illinois' export sector.
Q: How is this data collected or calculated?
A: The data is collected through mandatory business surveys and declarations filed by U.S. exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to evaluate the performance and outlook of Illinois' export sector and its evolving trade links with the Philippines.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 year lag, so the most recent figures may not reflect the current trade environment.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Philippines from Illinois (ILPHLA475SCEN), retrieved from FRED.