Value of Exports to Nigeria from Virginia
VANGAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,964,772.00
Year-over-Year Change
37.64%
Date Range
1/1/1992 - 1/1/2017
Summary
This trend measures the value of exports from the U.S. state of Virginia to Nigeria. It provides insights into the commercial relationship between Virginia and one of the major African 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
The Value of Exports to Nigeria from Virginia metric tracks the dollar value of goods and services exported from Virginia to Nigeria. This data series is used by policymakers and economists to analyze trade patterns and the economic ties between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Virginia exporters.
Historical Context
This metric is relevant for understanding Virginia's trade dynamics and competitiveness in the Nigerian market.
Key Facts
- Virginia exported over $280 million in goods to Nigeria in 2021.
- Nigeria is one of Virginia's top 20 export destinations globally.
- Virginia's top exports to Nigeria include industrial machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of goods and services exported from the U.S. state of Virginia to Nigeria. It provides insights into the trade relationship between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This metric is useful for understanding Virginia's export performance and competitiveness in the Nigerian market, which is an important trading partner for the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Virginia exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze trade patterns and the economic ties between Virginia and Nigeria, which can inform decisions around trade agreements, market access, and export promotion strategies.
Q: Are there update delays or limitations?
A: This data is published with a lag, typically several months after the end of the reporting period. There may also be limitations in capturing all export activities, especially smaller or informal trade.
Related Trends
Number of Identified Exporters to Nigeria from Illinois
ILNGAA475SCEN
Value of Exports to Nigeria from Ohio
OHNGAA052SCEN
Value of Exports to Nigeria from Oregon
ORNGAA052SCEN
Net Reserves by Months of Imported Goods and Services for Nigeria
NGABRASSMIMH
Bank Credit to Bank Deposits for Nigeria
DDSI04NGA156NWDB
Number of Identified Exporters to Nigeria from Puerto Rico
PRNGAA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Nigeria from Virginia (VANGAA052SCEN), retrieved from FRED.