Value of Exports to Saudi Arabia from West Virginia
WVSAUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,807,610.00
Year-over-Year Change
65.48%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Saudi Arabia from West Virginia' trend measures the dollar value of goods exported from West Virginia to Saudi Arabia. This metric is important for understanding regional trade patterns and the economic relationship between the two areas.
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 total value of merchandise exports from the U.S. state of West Virginia to Saudi Arabia. It is used by economists and policymakers to analyze trade flows, identify export opportunities, and assess the economic impact of commercial relationships between regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters and customs records.
Historical Context
Trends in state-level exports are closely monitored by trade officials and business leaders to inform economic and trade policy decisions.
Key Facts
- West Virginia exported $36.2 million in goods to Saudi Arabia in 2021.
- Exports to Saudi Arabia account for 1.2% of West Virginia's total international trade.
- Machinery and aircraft are West Virginia's top exports to Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of merchandise exports from the U.S. state of West Virginia to Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional trade patterns and the economic relationship between West Virginia and Saudi Arabia.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters and customs records.
Q: How is this trend used in economic policy?
A: Trends in state-level exports are closely monitored by trade officials and business leaders to inform economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Value of Exports to Saudi Arabia from West Virginia (WVSAUA052SCEN), retrieved from FRED.