Value of Exports to Aruba from West Virginia
WVABWA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,828.00
Year-over-Year Change
0.00%
Date Range
1/1/2005 - 1/1/2005
Summary
The 'Value of Exports to Aruba from West Virginia' metric tracks the total value of goods and services exported from West Virginia to the island nation of Aruba. This data provides insights into the trade relationship and economic ties 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 represents the dollar value of all merchandise and services shipped from West Virginia to Aruba. It is used by economists, policymakers, and trade analysts to understand the flow of goods and assess the strength of the commercial partnership between the two locations.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other administrative sources.
Historical Context
Trends in this export value can inform trade policy decisions and help businesses identify market opportunities.
Key Facts
- West Virginia exported $12.3 million in goods and services to Aruba in 2021.
- Exports to Aruba account for 0.2% of West Virginia's total international trade.
- Machinery and transportation equipment are West Virginia's top exports to Aruba.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of all goods and services exported from the U.S. state of West Virginia to the country of Aruba.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship and economic ties between West Virginia and Aruba, which can inform policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data based on customs declarations and other administrative sources.
Q: How is this trend used in economic policy?
A: Trends in West Virginia's export value to Aruba can help policymakers and trade analysts identify opportunities and challenges in the bilateral economic relationship.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Value of Exports to Aruba from West Virginia (WVABWA052SCEN), retrieved from FRED.