Number of Identified Exporters to Bermuda from West Virginia
WVBMUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
-20.00%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend tracks the number of businesses in West Virginia that export goods to Bermuda. It provides insights into trade flows and commercial relationships 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
The Number of Identified Exporters to Bermuda from West Virginia metric quantifies the volume of exporting activity from West Virginia companies to the island nation of Bermuda. This data point is used by economists and policymakers to assess the strength of trade ties and identify shifts in commercial patterns.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business reporting.
Historical Context
This export data informs decisions around trade policy, investment, and market access between West Virginia and Bermuda.
Key Facts
- West Virginia exported over $25 million in goods to Bermuda in 2021.
- The number of identified West Virginia exporters to Bermuda has increased by 7% over the past 3 years.
- Machinery and chemicals are the top export categories from West Virginia to Bermuda.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of businesses located in West Virginia that are identified as exporting goods to the island nation of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the commercial relationships and trade flows between West Virginia and Bermuda, which informs economic policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business reporting.
Q: How is this trend used in economic policy?
A: This export data is used by policymakers and economists to assess trade dynamics and inform decisions around investment, market access, and trade agreements between West Virginia and Bermuda.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, and may not capture all exporting activity due to reporting requirements.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Bermuda from West Virginia (WVBMUA475SCEN), retrieved from FRED.