Value of Exports to Benin from Virginia
VABENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,730,496.00
Year-over-Year Change
229.84%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Benin from Virginia' trend measures the total value of goods exported from the U.S. state of Virginia to the West African country of Benin. This metric is important for analyzing trade flows and economic relationships between regions.
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 tracks the dollar value of all products and commodities shipped from Virginia to Benin. It is a key indicator of the commercial activity and trade dynamics between these two economies. Economists and policymakers use this data to understand patterns of import/export activity and assess the strength of trade partnerships.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export value trend provides insight into the commercial ties between Virginia and Benin, which can have implications for economic policy, investment, and trade agreements.
Key Facts
- Virginia exported $23.4 million in goods to Benin in 2021.
- Exports from Virginia to Benin have grown by 7.2% annually over the past 5 years.
- Machinery and agricultural products are the top exports from Virginia to Benin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and products exported from the U.S. state of Virginia to the country of Benin.
Q: Why is this trend relevant for users or analysts?
A: This export value data provides insight into the trade relationship and commercial activity between Virginia and Benin, which is useful for economists, policymakers, and businesses analyzing regional economic dynamics.
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: Trends in exports from Virginia to Benin can inform trade policy, investment decisions, and economic development initiatives between the two regions.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the reporting of this export data due to the time required for collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to Benin from Virginia (VABENA052SCEN), retrieved from FRED.