Value of Exports to Nicaragua from Virginia
VANICA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,406,235.00
Year-over-Year Change
-45.71%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Nicaragua from Virginia' trend measures the total dollar value of goods and services exported from Virginia to Nicaragua. This data is crucial for analyzing trade dynamics and economic relationships between the two regions.
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 represents the total value in US dollars of all products and services exported from the state of Virginia to Nicaragua. It is an important economic indicator used by policymakers, trade analysts, and businesses to understand Virginia's export activity and trade patterns with Nicaragua.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other international trade records.
Historical Context
Trends in Virginia's exports to Nicaragua are closely watched by economists and trade officials for insights into the broader commercial relationship between the United States and Nicaragua.
Key Facts
- Virginia exported over $50 million in goods and services to Nicaragua in 2021.
- Machinery and agricultural products are two of Virginia's top exports to Nicaragua.
- Exports from Virginia to Nicaragua have grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value in US dollars of all products and services exported from the state of Virginia to Nicaragua.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding trade dynamics and the economic relationship between Virginia and Nicaragua, which is of interest to policymakers, businesses, and trade analysts.
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: Trends in Virginia's exports to Nicaragua are closely watched by economists and trade officials for insights into the broader commercial relationship between the United States and Nicaragua.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Value of Exports to Nicaragua from Virginia (VANICA052SCEN), retrieved from FRED.