Number of Identified Exporters to Russia from Illinois
ILRUSA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
431.00
Year-over-Year Change
64.50%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Russia from Illinois' series tracks the count of businesses based in Illinois that export goods and services to Russia. This metric provides insight into the economic ties between Illinois and the Russian market.
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 data series represents the number of unique companies located in the U.S. state of Illinois that have been identified as exporting products or services to Russia. It offers a gauge of the commercial activity and trade relationship between Illinois and the Russian Federation.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
Policymakers and economists monitor this trend to assess the impact of economic sanctions, trade agreements, and other factors affecting Illinois-Russia commercial ties.
Key Facts
- Illinois exported over $570 million in goods to Russia in 2019.
- The number of identified Illinois exporters to Russia has declined by 25% since 2015.
- Machinery and agricultural products are major Illinois exports to Russia.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of unique businesses located in Illinois that have been identified as exporting products or services to Russia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial ties between Illinois and the Russian market, which is useful for policymakers, economists, and businesses monitoring trade relationships.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess the impact of economic sanctions, trade agreements, and other factors affecting Illinois-Russia commercial activity.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags, and the survey methodology could miss some smaller exporters.
Related Trends
Nominal Imports of Goods for Russia
NMGXDCRUA
Liquid Liabilities (Broad Money) for Russian Federation
DDOI07RUA648NWDB
Stock Market Turnover Ratio (Value Traded/Capitalization) for Russian Federation
DDEM01RUA156NWDB
Value Traded of Top 10 Traded Companies to Total Value Traded for Russian Federation
DDAM01RUA156NWDB
Infra-Annual Labor Statistics: Employment Female: 15 Years or over for Russia
LFEMTTFERUA647N
Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Russia
RUSB6BLTT02STSAQ
Citation
U.S. Federal Reserve, Number of Identified Exporters to Russia from Illinois (ILRUSA475SCEN), retrieved from FRED.