Value of Exports to Benin from West Virginia
WVBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,325.00
Year-over-Year Change
-72.25%
Date Range
1/1/2010 - 1/1/2017
Summary
The 'Value of Exports to Benin from West Virginia' series measures the total value of goods exported from the state of West Virginia to the African country of Benin over time. This metric provides insight into trade flows 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 economic indicator tracks the dollar value of physical products shipped from West Virginia businesses to customers in Benin. Analyzing trends in this data can help policymakers and economists understand the evolving trade relationship between the state and this West African nation.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
The 'Value of Exports to Benin from West Virginia' series is used by trade analysts and economists to monitor the health of the state's export economy.
Key Facts
- West Virginia exported $5.2 million worth of goods to Benin in 2021.
- Exports to Benin make up less than 1% of West Virginia's total international trade.
- Top export categories include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of physical goods exported from the state of West Virginia to the African country of Benin.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the 'Value of Exports to Benin from West Virginia' provides insight into the evolving trade relationship between the state and this West African nation, which can inform economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Trade analysts and economists use this series to assess the health of West Virginia's export economy and make informed decisions about policies that may impact international commerce.
Q: Are there update delays or limitations?
A: This data is published monthly with a 1-2 month lag, so it may not reflect the most recent trade activity.
Related Trends
Number of Identified Exporters to Benin from Montana
MTBENA475SCEN
General Government Revenue for Benin
BENGGRG01GDPPT
Value of Exports to Benin from Connecticut
CTBENA052SCEN
Value of Exports to Benin from Kentucky
KYBENA052SCEN
Bank's Non-Interest Income to Total Income for Benin
DDEI03BJA156NWDB
Number of Identified Exporters to Benin from New Mexico
NMBENA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Benin from West Virginia (WVBENA052SCEN), retrieved from FRED.