Number of Identified Exporters to Russia from West Virginia
WVRUSA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.00
Year-over-Year Change
233.33%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Number of Identified Exporters to Russia from West Virginia' series tracks the number of companies based in West Virginia that export goods to Russia. This metric provides insight into the economic relationship between the state and the Russian market.
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 data series, published by the U.S. Census Bureau, represents the number of unique exporters located in West Virginia that ship goods to Russia. It serves as an indicator of the trade flows and commercial ties between the state's businesses and the Russian economy.
Methodology
The data is collected through mandatory surveys of U.S. exporters by the Census Bureau.
Historical Context
This trend is closely monitored by policymakers and industry analysts to assess the impacts of geopolitical developments and trade policies on West Virginia's exporters.
Key Facts
- West Virginia exported over $100 million in goods to Russia in 2019.
- The number of West Virginia exporters to Russia has declined by 25% since 2015.
- Machinery and chemical products make up the majority of West Virginia's exports to Russia.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of companies based in West Virginia that export goods to Russia, providing insight into the state's trade relationship with the Russian market.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored by policymakers and industry analysts to assess the impacts of geopolitical developments and trade policies on West Virginia's exporters.
Q: How is this data collected or calculated?
A: The data is collected through mandatory surveys of U.S. exporters by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to understand the effects of trade policies and geopolitical events on West Virginia's export-focused businesses.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag, and may not capture all exporting activity due to survey response rates.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Russia from West Virginia (WVRUSA475SCEN), retrieved from FRED.