Number of Identified Exporters to Dominican Republic from Virginia
VADOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
206.00
Year-over-Year Change
64.80%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to the Dominican Republic from the U.S. state of Virginia. It provides insights into the trade relationship between Virginia and the Dominican Republic.
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 Number of Identified Exporters to Dominican Republic from Virginia metric tracks the count of unique companies located in Virginia that are engaged in exporting goods and services to the Dominican Republic. This data point is useful for analyzing trends in Virginia's export activity and economic integration with the Dominican market.
Methodology
The data is collected through surveys and customs records by the U.S. Census Bureau.
Historical Context
This metric is relevant for policymakers, trade analysts, and businesses seeking to understand Virginia's export dynamics and competitiveness in the Dominican market.
Key Facts
- Virginia exported over $300 million worth of goods to the Dominican Republic in 2021.
- The number of identified Virginia exporters to the Dominican Republic has grown by 12% over the past 5 years.
- Top export categories from Virginia to the Dominican Republic include machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of unique companies located in the U.S. state of Virginia that are engaged in exporting goods and services to the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Virginia's trade relationship and economic integration with the Dominican market, which is useful for policymakers, businesses, and trade analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys and customs records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This metric can inform trade policy, export promotion initiatives, and economic development strategies targeting Virginia's engagement with the Dominican Republic.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be a 1-2 month lag in availability due to the data collection process.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Dominican Republic from Virginia (VADOMA475SCEN), retrieved from FRED.