Value of Exports to Belgium from West Virginia
WVBELA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
244,542,906.00
Year-over-Year Change
-15.11%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Belgium from West Virginia' series measures the total value of goods and services exported from the U.S. state of West Virginia to Belgium over time. This provides insight into West Virginia's trade relationship with the European nation.
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 dollar value of exports originating from West Virginia and destined for Belgium. It is a key metric for assessing the strength of the trade flows and commercial ties between the two regions.
Methodology
The data is collected and reported by the U.S. Census Bureau through its U.S. International Trade in Goods and Services program.
Historical Context
Analysts and policymakers monitor this series to understand West Virginia's export activity and integration with the global economy.
Key Facts
- West Virginia's largest export destination is Canada.
- Aerospace products are a major export category for the state.
- Exports make up about 10% of West Virginia's GDP.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Belgium from West Virginia' series tracks the total dollar value of goods and services exported from the U.S. state of West Virginia to the country of Belgium.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the trade relationship between West Virginia and Belgium, which is important for understanding the state's export activity and integration with the global economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its U.S. International Trade in Goods and Services program.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this series to assess West Virginia's export performance and identify opportunities to expand the state's international trade relationships.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in the reporting of the latest data, and the series does not provide a breakdown of the specific goods and services being exported.
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Citation
U.S. Federal Reserve, Value of Exports to Belgium from West Virginia (WVBELA052SCEN), retrieved from FRED.