Value of Exports to Islamic Republic of Iran from Virginia
VAIRNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
355,526.00
Year-over-Year Change
-99.02%
Date Range
1/1/1992 - 1/1/2004
Summary
This economic trend measures the value of exports from the U.S. state of Virginia to the Islamic Republic of Iran. It provides insights into Virginia's trade relationship with this major Middle Eastern economy.
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 'Value of Exports to Islamic Republic of Iran from Virginia' series tracks the total dollar value of goods and services exported from Virginia to Iran. This metric is used by economists and policymakers to analyze trends in the state's international trade patterns and economic ties with specific countries.
Methodology
The data is compiled by the U.S. Census Bureau based on official customs and shipping records.
Historical Context
This export data informs trade policy discussions and business decisions related to Virginia's economic links with Iran.
Key Facts
- Virginia's exports to Iran peaked at $63.8 million in 2010.
- Machinery, vehicles, and agricultural products are major Virginia exports to Iran.
- Trade with Iran represents less than 0.5% of Virginia's total international exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the U.S. state of Virginia to the Islamic Republic of Iran.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Virginia's trade relationship with Iran, which is an important economic and geopolitical partner in the Middle East region.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau based on official customs and shipping records.
Q: How is this trend used in economic policy?
A: This export data informs trade policy discussions and business decisions related to Virginia's economic links with Iran.
Q: Are there update delays or limitations?
A: There may be delays in reporting due to the customs data collection process, and the data does not capture all informal or undocumented trade activities.
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Citation
U.S. Federal Reserve, Value of Exports to Islamic Republic of Iran from Virginia (VAIRNA052SCEN), retrieved from FRED.