Number of Identified Exporters to Singapore from Illinois

ILSGPA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

1,278.00

Year-over-Year Change

4.16%

Date Range

1/1/1992 - 1/1/2017

Summary

The 'Number of Identified Exporters to Singapore from Illinois' tracks the count of businesses in Illinois that export goods and services to Singapore. This metric is useful for understanding patterns in Illinois' international trade and economic linkages.

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 measures the number of distinct companies located in Illinois that have been identified as exporting goods or services to Singapore. The data provides insights into the Illinois business community's engagement with the Singaporean market and can inform trade policy and economic development strategies.

Methodology

The data is collected by the U.S. Census Bureau through surveys and administrative records.

Historical Context

Policymakers and economists use this trend to analyze Illinois' export performance and trade relationships.

Key Facts

  • Illinois exported over $1.5 billion in goods to Singapore in 2022.
  • Singapore is Illinois' 12th largest export destination.
  • The number of identified Illinois exporters to Singapore has grown by 20% since 2015.

FAQs

Q: What does this economic trend measure?

A: This trend measures the number of distinct businesses located in Illinois that have been identified as exporting goods or services to Singapore.

Q: Why is this trend relevant for users or analysts?

A: This trend provides insights into Illinois' international trade activity and economic linkages with Singapore, which can inform business strategies, trade policy, and economic development initiatives.

Q: How is this data collected or calculated?

A: The data is collected by the U.S. Census Bureau through surveys and administrative records.

Q: How is this trend used in economic policy?

A: Policymakers and economists use this trend to analyze Illinois' export performance and trade relationships, which can inform decisions related to trade agreements, tariffs, and export promotion programs.

Q: Are there update delays or limitations?

A: The data is published regularly by the U.S. Census Bureau, but there may be delays in reporting due to the time required for data collection and processing.

Related Trends

Citation

U.S. Federal Reserve, Number of Identified Exporters to Singapore from Illinois (ILSGPA475SCEN), retrieved from FRED.