Value of Exports to Mexico from Virginia
VAMEXA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,024,048,827.00
Year-over-Year Change
167.94%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Mexico from Virginia' series measures the total value of goods exported from the state of Virginia to Mexico. This metric is important for assessing Virginia's trade relationships and economic integration with international 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 provides insight into the commercial ties between Virginia and Mexico. It can be used to analyze the state's export performance, industry competitiveness, and exposure to foreign demand fluctuations.
Methodology
The data is collected by the U.S. Census Bureau through customs records and surveys of exporting businesses.
Historical Context
Policy makers and businesses can use this metric to inform decisions around trade policy, market diversification, and export promotion initiatives.
Key Facts
- Virginia exported over $1.5 billion in goods to Mexico in 2021.
- Mexico is Virginia's 4th largest export market, after Canada, United Kingdom, and China.
- Key Virginia exports to Mexico include aerospace products, machinery, and agricultural goods.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods exported from the state of Virginia to Mexico. It provides insight into the trade relationship between the two economies.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Virginia's export performance, industry competitiveness, and exposure to foreign demand. It can inform policy decisions around trade, market diversification, and export promotion.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs records and surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policy makers and businesses can use this metric to inform decisions around trade policy, market diversification, and export promotion initiatives for the state of Virginia.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag. Limitations include only capturing goods exports, not services trade.
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Citation
U.S. Federal Reserve, Value of Exports to Mexico from Virginia (VAMEXA052SCEN), retrieved from FRED.