Value of Exports to United Kingdom from Virginia
VAGBRA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
857,716,700.00
Year-over-Year Change
33.40%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Kingdom from Virginia' metric tracks the dollar value of goods and services exported from the U.S. state of Virginia to the United Kingdom. This data point is a key indicator of trade and economic activity between the two 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
The 'Value of Exports to United Kingdom from Virginia' series represents the total monetary value of all products and services shipped from Virginia to the UK market over a given time period. This metric is used by economists and policymakers to analyze trade flows, assess regional economic performance, and inform trade and commercial policies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export value statistic is closely monitored by trade organizations, government agencies, and businesses to understand changing patterns in the Virginia-UK commercial relationship.
Key Facts
- Virginia is a major exporting state, with the UK a top trading partner.
- Exports to the UK account for over 5% of Virginia's total exports.
- Trade with the UK supports thousands of jobs in Virginia's economy.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to United Kingdom from Virginia' metric tracks the total dollar value of goods and services exported from the U.S. state of Virginia to the United Kingdom market.
Q: Why is this trend relevant for users or analysts?
A: This export data is a key indicator of trade and economic activity between Virginia and the UK, providing insights that are useful for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of Virginia-based businesses and customs records.
Q: How is this trend used in economic policy?
A: Trade and export statistics like this are closely monitored by government agencies, trade organizations, and businesses to understand evolving commercial relationships and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but may have a 1-2 month reporting lag due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to United Kingdom from Virginia (VAGBRA052SCEN), retrieved from FRED.