Value of Exports to Spain from Virginia
VAESPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118,536,652.00
Year-over-Year Change
-3.65%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Spain from Virginia' measures the total dollar value of goods and services exported from the state of Virginia to Spain. This metric is important for understanding Virginia's international trade relationships and economic ties with key European markets.
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 trend tracks the dollar-denominated value of all products and services that originate in Virginia and are sold to customers or businesses in Spain. It provides insight into the scale and composition of Virginia's export activity with one of its major trading partners.
Methodology
The data is collected through customs declarations and surveys of Virginia-based exporters.
Historical Context
Policymakers and trade analysts use this metric to assess the health of Virginia's export economy and its integration with the global marketplace.
Key Facts
- Virginia's exports to Spain totaled $2.3 billion in 2021.
- Top export categories include machinery, chemicals, and agricultural products.
- Spain is Virginia's 6th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Spain from Virginia' metric tracks the total dollar value of goods and services exported from the state of Virginia to customers and businesses in Spain.
Q: Why is this trend relevant for users or analysts?
A: This data point provides important insights into Virginia's international trade relationships and economic integration with key European markets like Spain.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys of Virginia-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess the health of Virginia's export economy and its integration with the global marketplace.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 2-3 months after the end of each reporting period.
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Citation
U.S. Federal Reserve, Value of Exports to Spain from Virginia (VAESPA052SCEN), retrieved from FRED.