Value of Exports to United Arab Emirates from West Virginia
WVAREA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,433,210.00
Year-over-Year Change
148.29%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to United Arab Emirates from West Virginia' tracks the dollar value of goods and services exported from West Virginia to the United Arab Emirates. This metric provides insights into the trade relationship between the state and a key Middle Eastern trading partner.
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 trend represents the total value of merchandise and services exported from West Virginia to the United Arab Emirates. It is an important indicator of the depth of commercial ties and economic integration between the two regions.
Methodology
The data is collected through surveys of businesses and trade statistics compiled by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this metric to analyze the state's export performance and international competitiveness.
Key Facts
- West Virginia exported $77.8 million worth of goods to the UAE in 2021.
- Machinery, chemicals, and transportation equipment are top West Virginia exports to the UAE.
- The UAE is West Virginia's 6th largest export destination worldwide.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of merchandise and services exported from the state of West Virginia to the United Arab Emirates.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship between West Virginia and a key Middle Eastern trading partner, which is important for understanding the state's export performance and international competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and trade statistics compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze the state's export performance and inform decisions related to international trade and economic development.
Q: Are there update delays or limitations?
A: The data is subject to revisions and may have short publication delays typical of official trade statistics.
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Citation
U.S. Federal Reserve, Value of Exports to United Arab Emirates from West Virginia (WVAREA052SCEN), retrieved from FRED.