Value of Exports to Papua New Guinea from Virginia
VAPNGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,514,483.00
Year-over-Year Change
611.92%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Virginia to Papua New Guinea. It provides insights into trade patterns and commercial 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
The Value of Exports to Papua New Guinea from Virginia is an important economic indicator that tracks the dollar value of goods and services shipped from Virginia to the Pacific island nation of Papua New Guinea. This data helps policymakers and analysts understand the trade relationship and commercial ties between the two areas.
Methodology
The data is collected and reported by the U.S. Census Bureau through its Foreign Trade program.
Historical Context
This metric is used by government agencies, trade organizations, and economists to assess the health of Virginia's export economy and commercial links with Papua New Guinea.
Key Facts
- Virginia exported $15.3 million in goods to Papua New Guinea in 2021.
- Papua New Guinea is Virginia's 94th largest export destination globally.
- Top Virginia exports to Papua New Guinea include machinery, aircraft, and medical equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of exports from the U.S. state of Virginia to the country of Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship and commercial activity between Virginia and Papua New Guinea, which is useful for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its Foreign Trade program.
Q: How is this trend used in economic policy?
A: Government agencies, trade organizations, and analysts use this metric to assess the strength of Virginia's export economy and commercial links with Papua New Guinea.
Q: Are there update delays or limitations?
A: This data is typically updated on a monthly basis with a 1-2 month delay.
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Citation
U.S. Federal Reserve, Value of Exports to Papua New Guinea from Virginia (VAPNGA052SCEN), retrieved from FRED.