Imports of Goods: Non-Manufactured Commodities for West Virginia
IMPNONWV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.62
Year-over-Year Change
23.16%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods: Non-Manufactured Commodities for West Virginia' series tracks the value of non-manufactured goods imported into West Virginia. This metric is important for understanding the state's trade dynamics and economic development.
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 economic indicator measures the dollar value of physical goods imported into West Virginia that are not considered manufactured products, such as raw materials, agricultural items, and unprocessed resources. It provides insight into West Virginia's participation in global supply chains and reliance on external sources for key inputs.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on customs declarations and shipping manifests.
Historical Context
This series is used by policymakers, economists, and businesses to analyze West Virginia's trade flows and integration with the broader U.S. and global economies.
Key Facts
- West Virginia's non-manufactured imports peaked in 2014 at $1.8 billion.
- Imports of non-manufactured goods account for around 25% of total imports to West Virginia.
- The top imported non-manufactured commodities are chemicals, agricultural products, and minerals.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods: Non-Manufactured Commodities for West Virginia' series tracks the value of physical goods imported into West Virginia that are not considered manufactured products, such as raw materials, agricultural items, and unprocessed resources.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into West Virginia's participation in global supply chains and reliance on external sources for key inputs, which is important for understanding the state's trade dynamics and economic development.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on customs declarations and shipping manifests.
Q: How is this trend used in economic policy?
A: This series is used by policymakers, economists, and businesses to analyze West Virginia's trade flows and integration with the broader U.S. and global economies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month delay in the most recent figures becoming available.
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Citation
U.S. Federal Reserve, Imports of Goods: Non-Manufactured Commodities for West Virginia (IMPNONWV), retrieved from FRED.