Number of Identified Exporters to Taiwan from Illinois
ILTWNA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,143.00
Year-over-Year Change
-19.05%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Number of Identified Exporters to Taiwan from Illinois' series tracks the count of companies located in Illinois that export goods to Taiwan. This metric provides insights into Illinois' economic ties and trade relationships with Taiwan.
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 represents the number of distinct companies or entities based in Illinois that have been identified as exporting products or services to Taiwan. It is an indicator of the strength and breadth of commercial connections between Illinois and Taiwan.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of businesses.
Historical Context
Policymakers and economists use this data to monitor trends in Illinois' export activities and assess the state's economic integration with Taiwan.
Key Facts
- Illinois exported $2.1 billion worth of goods to Taiwan in 2020.
- The number of identified Illinois exporters to Taiwan has increased by 15% over the past 5 years.
- Taiwan is Illinois' 7th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of companies located in Illinois that have been identified as exporting goods or services to Taiwan.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the strength of Illinois' economic ties and trade relationship with Taiwan, which is an important export market for the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of businesses.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor trends in Illinois' export activities and assess the state's economic integration with Taiwan.
Q: Are there update delays or limitations?
A: This data is published with a lag, typically 6-12 months after the reference period.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Taiwan from Illinois (ILTWNA475SCEN), retrieved from FRED.