Value of Exports to Chile from Indiana
INCHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119,670,297.00
Year-over-Year Change
294.38%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Chile from Indiana' measures the total value of goods exported from the state of Indiana to Chile over a given time period. This data is important for economists and policymakers to assess trade patterns and the economic relationship between Indiana and Chile.
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 tracks the monetary value of physical goods and commodities shipped from Indiana businesses and producers to customers in Chile. It provides insight into the scale and composition of Indiana's export trade with this South American market.
Methodology
The data is collected and reported by the U.S. Census Bureau using information from shipping manifests and customs declarations.
Historical Context
Policymakers and trade analysts use this series to monitor the health of Indiana's export economy and the competitiveness of its industries in the Chilean market.
Key Facts
- Indiana exported $123 million worth of goods to Chile in 2021.
- Chile was Indiana's 6th largest export destination in 2021.
- Top Indiana exports to Chile include machinery, vehicles, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of physical goods and commodities exported from the state of Indiana to customers in Chile over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the trade relationship between Indiana and Chile, allowing economists and policymakers to assess the performance and competitiveness of Indiana's export industries in this foreign market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau using information from shipping manifests and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this series to monitor the health of Indiana's export economy and inform decisions related to international trade agreements, export promotion programs, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Value of Exports to Chile from Indiana (INCHLA052SCEN), retrieved from FRED.