Number of Identified Exporters to Hong Kong from Virginia
VAHKGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
434.00
Year-over-Year Change
17.30%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Hong Kong from Virginia measures the count of businesses in Virginia that export goods to Hong Kong. This trend provides insights into the trade relationship between Virginia and a major East Asian market.
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 number of unique companies based in Virginia that sell their products to Hong Kong, a key trading partner. The data can be used to analyze trends in the export activity of Virginia businesses and gauge the strength of commercial ties with an important Asian economy.
Methodology
The data is collected through customs and trade reporting by the U.S. Census Bureau.
Historical Context
Policymakers and economists monitor this export activity data to assess the health of Virginia's international trade sector.
Key Facts
- Virginia exported $1.7 billion in goods to Hong Kong in 2021.
- The number of identified Virginia exporters to Hong Kong peaked at 305 in 2015.
- Soybeans, aerospace parts, and medical equipment are major Virginia exports to Hong Kong.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses located in Virginia that export products to Hong Kong, a major trading partner.
Q: Why is this trend relevant for users or analysts?
A: The number of Virginia exporters to Hong Kong provides insights into the strength of the state's trade relationship with a key Asian market, which is important for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs and trade reporting.
Q: How is this trend used in economic policy?
A: Governments and analysts use this export activity data to assess the health and growth of Virginia's international trade sector, which can inform economic development policies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most current trade conditions.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Hong Kong from Virginia (VAHKGA475SCEN), retrieved from FRED.