Value of Exports to Australia from Virginia
VAAUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
225,876,107.00
Year-over-Year Change
59.29%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Australia from Virginia' measures the dollar value of goods and services exported from the U.S. state of Virginia to Australia. This metric provides insight into Virginia's trade relationship with a key international 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 economic series tracks the monetary value of products and services Virginia-based businesses sell to customers in Australia. Analysts use the data to assess the scale and growth of Virginia's export economy and commercial ties with Australia.
Methodology
The U.S. Census Bureau collects this data through surveys of exporting companies located in Virginia.
Historical Context
Policymakers and trade organizations monitor this trend to guide decisions on economic development, trade agreements, and export promotion programs.
Key Facts
- Virginia exported $1.2 billion worth of goods to Australia in 2021.
- Australia is Virginia's 11th largest export destination globally.
- Virginia's top exports to Australia include aerospace products, machinery, and chemicals.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Australia from Virginia' metric tracks the total dollar value of goods and services exported from the U.S. state of Virginia to customers in Australia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the scale and growth of Virginia's export economy and commercial relationship with a key international market, Australia.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporting companies located in Virginia.
Q: How is this trend used in economic policy?
A: Policymakers and trade organizations monitor this trend to guide decisions on economic development, trade agreements, and export promotion programs.
Q: Are there update delays or limitations?
A: This data is published monthly with a 2-3 month lag, so the most recent figures may not reflect the current state of Virginia's exports to Australia.
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Citation
U.S. Federal Reserve, Value of Exports to Australia from Virginia (VAAUSA052SCEN), retrieved from FRED.