Value of Exports to India from West Virginia
WVINDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
691,029,543.00
Year-over-Year Change
1084.71%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to India from West Virginia' metric tracks the total value of goods and services exported from the U.S. state of West Virginia to India. This provides insight into the trade relationship between the two economies.
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 shipped from West Virginia businesses to customers in India. It is an important indicator of the state's export activity and international economic integration.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Policymakers and analysts use this metric to assess West Virginia's export performance and competitiveness in the Indian market.
Key Facts
- West Virginia exported $241 million worth of goods to India in 2021.
- India was the 5th largest export destination for West Virginia in 2021.
- Top West Virginia exports to India include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total monetary value of all products and services exported from the U.S. state of West Virginia to customers in India.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into West Virginia's trade relationship with India, a key emerging market. It helps policymakers and economists assess the state's export performance and international competitiveness.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporting firms located in West Virginia.
Q: How is this trend used in economic policy?
A: Governments and analysts use this metric to evaluate West Virginia's export-driven economic growth and inform trade policy decisions with India.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months. Additionally, the metric may not capture all informal or unreported trade activity between West Virginia and India.
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Citation
U.S. Federal Reserve, Value of Exports to India from West Virginia (WVINDA052SCEN), retrieved from FRED.