Value of Exports to Belgium from Virginia
VABELA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
568,112,480.00
Year-over-Year Change
37.07%
Date Range
1/1/1992 - 1/1/2017
Summary
This trend measures the value of exports from the U.S. state of Virginia to Belgium, providing insight into trade flows between the two economies.
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
The 'Value of Exports to Belgium from Virginia' series tracks the total dollar value of goods and services exported from Virginia to Belgium. This metric is used by economists and policymakers to analyze trade patterns and the strength of economic ties between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export data can inform trade policy decisions and help businesses understand market opportunities.
Key Facts
- Virginia exported over $600 million in goods and services to Belgium in 2021.
- Belgium is Virginia's 8th largest export destination.
- Machinery and transportation equipment make up the largest share of Virginia's exports to Belgium.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Virginia to Belgium, providing insight into trade flows between the two economies.
Q: Why is this trend relevant for users or analysts?
A: This metric is used by economists and policymakers to analyze trade patterns and the strength of economic ties between Virginia and Belgium.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: This export data can inform trade policy decisions and help businesses understand market opportunities between Virginia and Belgium.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a lag of several months between the reference period and publication.
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Citation
U.S. Federal Reserve, Value of Exports to Belgium from Virginia (VABELA052SCEN), retrieved from FRED.