Value of Exports to Taiwan from Illinois
ILTWNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
683,975,509.00
Year-over-Year Change
76.76%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Taiwan from Illinois' measures the dollar value of goods and services exported from the state of Illinois to Taiwan. This key economic indicator provides insights into trade dynamics and commercial relationships between Illinois and one of its important international trading partners.
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 time series tracks the monthly value of exports originating from Illinois and destined for Taiwan. It is an important barometer of the commercial activity and economic interdependence between the two regions. Policymakers and analysts use this data to assess trade flows, competitiveness, and the overall health of the Illinois-Taiwan trading relationship.
Methodology
The data is collected and reported by the U.S. Census Bureau through its monthly U.S. International Trade in Goods and Services report.
Historical Context
The 'Value of Exports to Taiwan from Illinois' data is widely referenced by economists, trade organizations, and government agencies to inform policy decisions and market strategies.
Key Facts
- Illinois is one of the top exporting states in the U.S.
- Taiwan is Illinois' 7th largest export destination globally.
- The value of exports from Illinois to Taiwan has grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the state of Illinois to Taiwan on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the trade dynamics and commercial relationship between Illinois and one of its key international partners, Taiwan. It is widely used by policymakers, economists, and businesses to assess competitiveness and inform strategic decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its monthly U.S. International Trade in Goods and Services report.
Q: How is this trend used in economic policy?
A: The 'Value of Exports to Taiwan from Illinois' data is referenced by government agencies, trade organizations, and economic analysts to inform policy decisions, trade negotiations, and market strategies related to the Illinois-Taiwan commercial relationship.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 6 weeks. There may also be revisions to previous months' figures as new information becomes available.
Related Trends
Number of Identified Exporters to Taiwan from Virginia
VATWNA475SCEN
Number of Identified Exporters to Taiwan from Texas
TXTWNA475SCEN
Goods, Value of Imports for Taiwan Province of China
VALIMPTWM052N
Value of Exports to Taiwan from PuertoRico
PRTWNA052SCEN
Number of Identified Exporters to Taiwan from Maine
METWNA475SCEN
Value of Exports to Taiwan from Minnesota
MNTWNA052SCEN
Citation
U.S. Federal Reserve, Value of Exports to Taiwan from Illinois (ILTWNA052SCEN), retrieved from FRED.