Value of Exports to Saudi Arabia from Virginia
VASAUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
169,081,533.00
Year-over-Year Change
-9.67%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Saudi Arabia from Virginia' measures the total dollar value of goods and services exported from the U.S. state of Virginia to Saudi Arabia. This metric is important for understanding Virginia's export trade relationships and economic ties with key 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 data series tracks the total value of exports originating from Virginia and destined for Saudi Arabia. It provides insight into the commercial activity and economic interdependence between the two regions. Policymakers and economists analyze this data to assess Virginia's export performance and the state's position in global supply chains.
Methodology
The data is collected by the U.S. Census Bureau through surveys of companies engaged in international trade.
Historical Context
Trends in this export value metric can inform economic policy, trade negotiations, and business strategy for Virginia-based companies and Saudi Arabian importers.
Key Facts
- Virginia exported $1.2 billion in goods to Saudi Arabia in 2021.
- Aerospace products are Virginia's top export to Saudi Arabia.
- Saudi Arabia is Virginia's 5th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total dollar value of goods and services exported from the U.S. state of Virginia to Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Virginia's export trade relationships and economic ties with key international markets like Saudi Arabia.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of companies engaged in international trade.
Q: How is this trend used in economic policy?
A: Trends in this export value metric can inform economic policy, trade negotiations, and business strategy for Virginia-based companies and Saudi Arabian importers.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and statistical methodologies of the U.S. Census Bureau.
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Real Gross Domestic Product for Saudi Arabia
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Citation
U.S. Federal Reserve, Value of Exports to Saudi Arabia from Virginia (VASAUA052SCEN), retrieved from FRED.