Value of Exports to Canada from West Virginia
WVCANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,346,712,945.00
Year-over-Year Change
43.11%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Canada from West Virginia' measures the dollar value of goods and services exported from West Virginia to Canada. This metric is important for economists and policymakers to assess the trade relationship 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 total value of exports, including both goods and services, flowing from the state of West Virginia to Canada. It provides insight into the commercial ties and interdependence between the two economies.
Methodology
The data is collected and aggregated by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Tracking export values is crucial for understanding regional economic performance and informing trade policies.
Key Facts
- West Virginia exported over $1.7 billion worth of goods and services to Canada in 2021.
- Canada is the top destination for West Virginia's exports, accounting for nearly a quarter of the state's total exports.
- The value of West Virginia's exports to Canada has grown by over 50% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the U.S. state of West Virginia to its northern neighbor, Canada.
Q: Why is this trend relevant for users or analysts?
A: Tracking the value of West Virginia's exports to Canada provides insight into the state's trade relationship and commercial ties with its largest export market, which is crucial for understanding regional economic performance and informing trade policies.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this export value data to assess the health of the trade relationship between West Virginia and Canada, and to inform decisions related to trade agreements, tariffs, and other policies that impact regional economic growth.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, so there may be delays in accessing the most recent figures. Additionally, the data may not capture all informal or unreported trade activity between the two regions.
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Citation
U.S. Federal Reserve, Value of Exports to Canada from West Virginia (WVCANA052SCEN), retrieved from FRED.