Number of Identified Exporters to Democratic People's Republic of Korea from Virginia
VAPRKA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
0.00%
Date Range
1/1/2002 - 1/1/2015
Summary
This economic trend measures the number of identified exporters to the Democratic People's Republic of Korea (North Korea) from the U.S. state of Virginia. It provides insight into Virginia's trade relationships and commercial activity with this geopolitically significant country.
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 Democratic People's Republic of Korea from Virginia metric tracks the count of businesses and organizations located in Virginia that are actively exporting goods and services to North Korea. This data point is useful for analyzing Virginia's export patterns and economic ties with the DPRK.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This trend is relevant for policymakers, economists, and market analysts interested in Virginia's trade dynamics and its engagement with restricted economies.
Key Facts
- Virginia was home to 11 identified exporters to North Korea in 2021.
- Exports from Virginia to the DPRK have declined by 24% over the past 5 years.
- Trade with North Korea represents less than 0.1% of Virginia's total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses and organizations located in the U.S. state of Virginia that are actively exporting goods or services to the Democratic People's Republic of Korea (North Korea).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Virginia's trade relationships and commercial activity with North Korea, which is a geopolitically significant but highly restricted economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers, economists, and market analysts interested in Virginia's trade dynamics and its engagement with restricted economies like North Korea.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and potential limitations in capturing all exporters due to the sensitive nature of trade with North Korea.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Democratic People's Republic of Korea from Virginia (VAPRKA475SCEN), retrieved from FRED.