Value of Exports to Lao People's Democratic Republic from Virginia
VALAOA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,463,330.00
Year-over-Year Change
349.37%
Date Range
1/1/2004 - 1/1/2012
Summary
The 'Value of Exports to Lao People's Democratic Republic from Virginia' trend measures the dollar value of goods and services exported from the U.S. state of Virginia to the Southeast Asian nation of Laos. This data provides insight into Virginia's trade relationships and economic ties with the Lao 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 economic series tracks the total value of merchandise and services exported from Virginia to Laos. It offers a quantitative view of the commercial activity and bilateral trade flows between these two economies. Analysts use this data to understand Virginia's export performance and assess its economic integration with the Lao market.
Methodology
The data is compiled by the U.S. Census Bureau from various sources, including customs records and surveys of businesses.
Historical Context
This export value metric is relevant for policymakers, trade specialists, and businesses evaluating Virginia's trade profile and market opportunities in Laos.
Key Facts
- Virginia's exports to Laos totaled $X in the most recent year.
- Laos ranked Xth among export destinations for Virginia businesses.
- Export values to Laos have [increased/decreased] by X% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of goods and services exported from the U.S. state of Virginia to the Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Virginia's trade relationships and economic ties with the Lao market, which is relevant for policymakers, businesses, and economists analyzing the state's export performance and international trade profile.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau from customs records and business surveys.
Q: How is this trend used in economic policy?
A: This export value metric is used by policymakers, trade specialists, and businesses to evaluate Virginia's trade profile and market opportunities in Laos.
Q: Are there update delays or limitations?
A: There may be lags of several months in data availability, and the series may not capture all informal or unreported trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Lao People's Democratic Republic from Virginia (VALAOA052SCEN), retrieved from FRED.