Value of Exports to United Arab Emirates from Virginia
VAAREA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123,926,255.00
Year-over-Year Change
82.10%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Arab Emirates from Virginia' series tracks the total value of goods and services exported from the U.S. state of Virginia to the United Arab Emirates. This metric is important for understanding trade flows and economic activity between the two regions.
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 data series measures the total monetary value of exports originating from Virginia and destined for the United Arab Emirates. It provides insight into the strength of the economic relationship and trade partnership between the state and the Gulf nation.
Methodology
The data is collected through customs declarations and surveys of Virginia-based exporters.
Historical Context
This export data is used by policymakers, trade analysts, and economists to assess the impact of geopolitical events, exchange rate fluctuations, and other factors on bilateral trade patterns.
Key Facts
- Virginia exported $1.2 billion worth of goods to the UAE in 2021.
- Machinery and vehicles are Virginia's top exports to the UAE.
- The UAE is Virginia's 7th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total monetary value of goods and services exported from the U.S. state of Virginia to the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insights into the strength of the economic relationship and trade partnership between Virginia and the UAE, which is useful for policymakers, trade analysts, and economists.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys of Virginia-based exporters.
Q: How is this trend used in economic policy?
A: This export data is used by policymakers, trade analysts, and economists to assess the impact of geopolitical events, exchange rate fluctuations, and other factors on bilateral trade patterns.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential revisions associated with U.S. trade statistics.
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Citation
U.S. Federal Reserve, Value of Exports to United Arab Emirates from Virginia (VAAREA052SCEN), retrieved from FRED.