Value of Exports to Russia from West Virginia
WVRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,332,092.00
Year-over-Year Change
728.18%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Russia from West Virginia' tracks the dollar value of goods exported from West Virginia to Russia over time. This metric is important for understanding trade flows and economic relationships between the state and foreign markets.
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 series represents the total value in U.S. dollars of merchandise exported from the state of West Virginia to Russia. It is a useful indicator of the commercial and economic ties between the state's businesses and the Russian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and analysts use this data to assess the impact of trade policies and economic conditions on West Virginia's export activity.
Key Facts
- West Virginia exports to Russia totaled $10.5 million in 2021.
- Exports from the state have declined by 25% since 2019.
- Machinery and transportation equipment are West Virginia's top exports to Russia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value in U.S. dollars of merchandise exported from the state of West Virginia to Russia over time.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding trade flows and economic relationships between West Virginia and the Russian market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the impact of trade policies and economic conditions on West Virginia's export activity.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into West Virginia's exports to Russia.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from West Virginia (WVRUSA052SCEN), retrieved from FRED.