Value of Exports to Singapore from Illinois
ILSGPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,149,302,127.00
Year-over-Year Change
21.30%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Singapore from Illinois' measures the total dollar value of goods and services exported from the U.S. state of Illinois to the country of Singapore over a given time period. This metric is important for understanding trade patterns and economic relationships between 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 data series tracks the dollar-denominated value of exported products and services flowing from Illinois to Singapore. It reflects the scale and direction of commercial activity between these two economies, providing insights into trade flows, supply chains, and economic interdependence.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export value trend is closely monitored by policymakers, trade analysts, and businesses to assess the health of Illinois-Singapore commercial ties.
Key Facts
- Illinois is a major exporting state, with over $50 billion in total exports annually.
- Singapore is a key trading partner for Illinois, importing over $1 billion in goods per year.
- Semiconductors, machinery, and agricultural products are among Illinois' top exports to Singapore.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total dollar value of goods and services exported from the U.S. state of Illinois to the country of Singapore.
Q: Why is this trend relevant for users or analysts?
A: This export value metric provides insights into the trade relationship and economic interdependence between Illinois and Singapore, which is important for policymakers, businesses, and economists analyzing regional trade flows.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: This export value trend is closely monitored by policymakers and trade analysts to assess the health of Illinois-Singapore commercial ties and inform decisions around trade policy, investment, and economic development.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Census Bureau, with potential lags of several months between the reference period and public release.
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Citation
U.S. Federal Reserve, Value of Exports to Singapore from Illinois (ILSGPA052SCEN), retrieved from FRED.