Value of Exports to Romania from West Virginia
WVROUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,894,976.00
Year-over-Year Change
-86.61%
Date Range
1/1/1997 - 1/1/2016
Summary
This economic trend measures the value of exports from the U.S. state of West Virginia to Romania. It provides insights into West Virginia's trade relationship with Romania, which is relevant for policymakers and market analysts.
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 Romania from West Virginia tracks the dollar value of goods and services exported from West Virginia to the Eastern European country of Romania. This metric is used to analyze the trade dynamics between the two regions and can inform economic policies and business strategies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of West Virginia exporters.
Historical Context
This trend is useful for monitoring West Virginia's export performance and competitiveness in the Romanian market.
Key Facts
- West Virginia exported $58.2 million worth of goods to Romania in 2021.
- Romania was West Virginia's 46th largest export destination in 2021.
- Chemicals are West Virginia's top export to Romania.
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 the country of Romania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into West Virginia's trade relationship with Romania, which is useful for policymakers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of West Virginia exporters.
Q: How is this trend used in economic policy?
A: This trend can inform policies and strategies related to international trade, export promotion, and regional economic development.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may not capture all trade activity between West Virginia and Romania.
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Citation
U.S. Federal Reserve, Value of Exports to Romania from West Virginia (WVROXA052SCEN), retrieved from FRED.