Number of Identified Exporters to Saudi Arabia from Virginia
VASAUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
274.00
Year-over-Year Change
21.24%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Saudi Arabia from Virginia' trend tracks the total number of Virginia-based companies that export goods and services to Saudi Arabia. This metric is a key indicator of trade activity and economic ties 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 data series represents the count of unique exporting firms located in the U.S. state of Virginia that sell their products or services to customers in Saudi Arabia. It provides insights into the scale and diversity of Virginia's export relationships with the Saudi market.
Methodology
The data is collected through customs and trade reporting by the U.S. Census Bureau.
Historical Context
Policymakers and international trade analysts use this metric to assess Virginia's export performance and competitiveness in the Saudi Arabian market.
Key Facts
- Virginia exported $610 million worth of goods to Saudi Arabia in 2021.
- The number of identified Virginia exporters to Saudi Arabia has grown by 20% since 2015.
- Saudi Arabia is Virginia's 13th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unique companies located in the U.S. state of Virginia that export goods or services to customers in Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and diversity of Virginia's export relationships with the Saudi Arabian market, which is important for understanding state-level trade dynamics and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through customs and trade reporting by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and international trade analysts use this metric to assess Virginia's export performance and competitiveness in the Saudi Arabian market, which can inform trade policy and business development initiatives.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so the most recent figures may not reflect the current state of Virginia's exports to Saudi Arabia.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Saudi Arabia from Virginia (VASAUA475SCEN), retrieved from FRED.