Value of Exports to Russia from Illinois
ILRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
607,464,528.00
Year-over-Year Change
285.33%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from Illinois' trend measures the total value of goods and services exported from the state of Illinois to Russia. This metric is important for policymakers and economists to understand the economic relationship 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 series tracks the dollar value of all exported commodities, including agricultural products, machinery, and other manufactured goods, that are shipped from Illinois to Russia. It provides insight into the trade flows and commercial ties between the state's economy and the Russian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and trade analysts use this information to assess the impact of economic sanctions, tariffs, or other policies on Illinois-Russia commercial activity.
Key Facts
- Illinois is a major exporting state, shipping over $50 billion in goods annually.
- Russia was the 25th largest destination for Illinois exports in 2021.
- Agricultural products make up a significant portion of Illinois' exports to Russia.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Russia from Illinois' series tracks the total dollar value of goods and services exported from the state of Illinois to the Russian market.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship between Illinois and Russia, which is important for policymakers, economists, and businesses to understand the economic ties and potential impacts of policies affecting this commercial activity.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this information to assess the impact of economic sanctions, tariffs, or other policies on the commercial activity between Illinois and Russia.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and publication, as the underlying sources rely on survey responses and customs documentation.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Illinois (ILRUSA052SCEN), retrieved from FRED.