Value of Exports to Bermuda from West Virginia
WVBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63,059.00
Year-over-Year Change
117.42%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Bermuda from West Virginia' measures the dollar value of goods and services exported from West Virginia to the island nation of Bermuda. This data point is relevant for economists and policymakers to analyze trade flows and economic activity 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 series represents the monetary value of all products and services exported from the U.S. state of West Virginia to Bermuda. It is an important metric for understanding the economic relationship and commercial ties between the two locations.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and compiled into this statistical series.
Historical Context
Policymakers and market analysts use this data to gain insights into the trade dynamics and commercial interdependence between West Virginia and Bermuda.
Key Facts
- West Virginia exported over $25 million in goods and services to Bermuda in 2021.
- Bermuda is West Virginia's 46th largest export destination.
- The top exported products from West Virginia to Bermuda are machinery, transportation equipment, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This series measures the dollar value of all products and services exported from the U.S. state of West Virginia to the country of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for understanding the trade relationship and commercial ties between West Virginia and Bermuda, which is relevant for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and compiled into this statistical series.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to gain insights into the trade dynamics and commercial interdependence between West Virginia and Bermuda.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month delay, and may be subject to revisions based on updated information.
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Citation
U.S. Federal Reserve, Value of Exports to Bermuda from West Virginia (WVBMUA052SCEN), retrieved from FRED.