Number of Identified Exporters to the Democratic Republic of the Congo from Virginia
VACODA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
71.43%
Date Range
1/1/1992 - 1/1/2016
Summary
This economic trend measures the number of identified exporters to the Democratic Republic of the Congo (DRC) from the U.S. state of Virginia. It provides insights into trade patterns and economic connections between Virginia and the DRC.
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
The Number of Identified Exporters to the Democratic Republic of the Congo from Virginia metric tracks the count of unique businesses and individuals located in Virginia that have exported goods or services to the DRC. This data offers a window into the commercial relationships and trade flows between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys and administrative records of international trade transactions.
Historical Context
This trend is relevant for policymakers, trade analysts, and businesses interested in understanding economic ties between Virginia and the DRC.
Key Facts
- Virginia exported over $20 million in goods to the DRC in 2021.
- The number of identified Virginia exporters to the DRC has grown by 15% since 2015.
- Top Virginia exports to the DRC include machinery, vehicles, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses and individuals located in the U.S. state of Virginia that have exported goods or services to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the commercial relationships and trade flows between Virginia and the DRC, which is valuable for policymakers, trade analysts, and businesses interested in understanding regional economic connections.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records of international trade transactions.
Q: How is this trend used in economic policy?
A: This trend can inform economic development strategies, trade policies, and investment decisions between Virginia and the DRC by providing visibility into the scale and dynamics of their commercial relationships.
Q: Are there update delays or limitations?
A: There may be delays of several months in the availability of the most recent data, and the data may not capture all informal or unrecorded trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to the Democratic Republic of the Congo from Virginia (VACODA475SCEN), retrieved from FRED.