Value of Exports to Rwanda from Virginia
VARWAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
348,783.00
Year-over-Year Change
567.83%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Rwanda from Virginia' measures the total dollar value of goods exported from the U.S. state of Virginia to the East African country of Rwanda. This metric provides insight into the economic relationship and trade flows 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 economic indicator tracks the value of physical goods and commodities exported from Virginia, one of the largest exporting states in the U.S., to Rwanda. The data is used by economists, policymakers, and businesses to analyze Virginia's trade dynamics and the commercial ties between the two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and shipping manifests.
Historical Context
This export value trend is relevant for assessing Virginia's export-oriented industries and the state's engagement with the Rwandan market.
Key Facts
- Virginia is one of the top 10 exporting states in the U.S.
- Rwanda's GDP was $10.3 billion in 2021.
- The U.S. and Rwanda have a bilateral Trade and Investment Framework Agreement.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total dollar value of physical goods and commodities exported from the U.S. state of Virginia to the country of Rwanda.
Q: Why is this trend relevant for users or analysts?
A: This export value data provides insight into the commercial relationship and trade flows between Virginia and Rwanda, which is relevant for economists, policymakers, and businesses analyzing regional trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs declarations and shipping manifests.
Q: How is this trend used in economic policy?
A: This export value trend is used to assess Virginia's export-oriented industries and the state's engagement with the Rwandan market, which is relevant for trade policy, investment decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timeframes and methodologies of the U.S. Census Bureau, which may result in periodic update delays or revisions.
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Citation
U.S. Federal Reserve, Value of Exports to Rwanda from Virginia (VARWAA052SCEN), retrieved from FRED.