Value of Exports to Spain from West Virginia
WVESPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120,798,671.00
Year-over-Year Change
1094.95%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of West Virginia to Spain. It is an important indicator of trade 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
The Value of Exports to Spain from West Virginia metric tracks the dollar value of goods and services exported from West Virginia to Spain over time. This data provides insights into the trade relationship and economic interconnectedness between the state and the European country.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
This trend is closely watched by policymakers, trade analysts, and businesses to understand West Virginia's economic ties with the Spanish market.
Key Facts
- West Virginia exported over $120 million in goods to Spain in 2021.
- Machinery and transportation equipment are major export categories.
- Spain is West Virginia's 7th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of exports from the U.S. state of West Virginia to Spain over time, providing insights into the trade relationship between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding West Virginia's economic ties with the Spanish market and analyzing factors impacting bilateral trade.
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: Policymakers, trade analysts, and businesses use this trend to monitor West Virginia's export performance and inform decisions around trade agreements, market diversification, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be some time lag in data reporting, as the Census Bureau compiles information from surveyed companies.
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Citation
U.S. Federal Reserve, Value of Exports to Spain from West Virginia (WVESXA052SCEN), retrieved from FRED.