Value of Exports to Norway from Virginia
VANORA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,478,845.00
Year-over-Year Change
-57.66%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Norway from Virginia' series tracks the total value of goods and services exported from the state of Virginia to Norway. This metric is a key indicator of trade activity and economic linkages between Virginia and its international trading partners.
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 indicator represents the dollar value of all products and services exported from Virginia businesses to Norway. It is used by policymakers, economists, and trade analysts to monitor the health of Virginia's export sector and understand its economic relationship with Norway.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Trends in Virginia's exports to Norway can provide insights into the broader state of U.S.-Norway trade and commercial ties.
Key Facts
- Virginia exported over $250 million in goods and services to Norway in 2021.
- Norway is Virginia's 15th largest export destination globally.
- Machinery, vehicles, and agricultural products are among Virginia's top exports to Norway.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of all products and services exported from businesses in the state of Virginia to Norway.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Virginia's export activity to Norway provides insights into the health of the state's trade sector and its economic relationship with this key international partner.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Virginia businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to understand Virginia's global export patterns and inform decisions around trade, economic development, and international partnerships.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the time required for collection and processing by statistical agencies.
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Citation
U.S. Federal Reserve, Value of Exports to Norway from Virginia (VANORA052SCEN), retrieved from FRED.