Value of Exports to Hong Kong from Virginia
VAHKGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
229,332,168.00
Year-over-Year Change
74.32%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Hong Kong from Virginia measures the total dollar value of goods and services exported from the state of Virginia to Hong Kong. This metric is important for analyzing Virginia's international trade relationships and economic integration with global 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 represents the value of all physical goods and services that are produced in Virginia and sold to consumers, businesses, or governments in Hong Kong. It is a key indicator of Virginia's export activity and competitiveness in the global economy.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other international trade records.
Historical Context
Policymakers and economists use this export data to assess the health of Virginia's trade sector and the state's overall economic performance.
Key Facts
- Virginia exported over $1 billion in goods and services to Hong Kong in 2021.
- Hong Kong was Virginia's 6th largest export destination in 2021.
- Virginia's top exports to Hong Kong include machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The Value of Exports to Hong Kong from Virginia measures the total dollar value of all goods and services exported from the state of Virginia to consumers and businesses in Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: This export data provides important insights into Virginia's trade relationship with a major global market and is a key indicator of the state's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs declarations and other international trade records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this export data to assess the health of Virginia's trade sector and inform decisions around economic development, trade agreements, and other policies.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay and may not capture all informal or undocumented trade activities.
Related Trends
Use of Financial Services Deposit Accounts: Life Insurance Accounts at Insurance Corporations for China, P.R.: Hong Kong
HKGFCAOFILPNUM
Credit to Private Non-Financial Sector by Banks, Adjusted for Breaks, for Hong Kong SAR
QHKPBM770A
Population, Total for Hong Kong SAR, China
POPTOTHKA647NWDB
Number of Identified Exporters to Hong Kong from Mississippi
MSHKGA475SCEN
National Accounts: Gross Domestic Product for China, P.R.: Hong Kong
HKGNGDPDUSD
Ease of doing business index for Hong Kong SAR, China
ICBUSEASEXQHKG
Citation
U.S. Federal Reserve, Value of Exports to Hong Kong from Virginia (VAHKGA052SCEN), retrieved from FRED.