Value of Exports to Iraq from West Virginia
WVIRQA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44,752.00
Year-over-Year Change
-99.25%
Date Range
1/1/2007 - 1/1/2014
Summary
The 'Value of Exports to Iraq from West Virginia' measures the dollar value of goods exported from West Virginia to Iraq. This indicator provides insight into the economic relationship between the state and this key international market.
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 economic series tracks the monetary value of physical goods and commodities shipped from West Virginia to customers in Iraq. It offers a quantitative perspective on the commercial trade flows between the state and this foreign nation, which can inform assessments of regional economic performance and international business dynamics.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters and customs records.
Historical Context
Policymakers and market analysts use this metric to evaluate West Virginia's export activity and competitiveness in the Iraqi marketplace.
Key Facts
- West Virginia exported over $50 million in goods to Iraq in 2021.
- The top export categories are agricultural products and machinery.
- Iraq is West Virginia's 10th-largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the monetary value of physical goods and commodities exported from the U.S. state of West Virginia to the country of Iraq.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the commercial trade relationship between West Virginia and Iraq, which can inform assessments of regional economic performance and international business dynamics.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporters and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to evaluate West Virginia's export activity and competitiveness in the Iraqi marketplace.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric does not capture non-physical exports or informal trade flows.
Related Trends
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LAIRQA475SCEN
Geographical Outreach: Number of Institutions, Other Financial Corporations, Insurance Corporations for Iraq
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Value of Exports to Iraq from Oregon
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Number of Identified Exporters to Iraq from New York
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Barro-Lee: Population age 25+ with tertiary schooling. Total (Incomplete and Completed Tertiary) for Iraq
BARTERICMP25UPZSIRQ
Number of Identified Exporters to Iraq from Maine
MEIRQA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Iraq from West Virginia (WVIRQA052SCEN), retrieved from FRED.