Number of Identified Exporters to Saudi Arabia from West Virginia
WVSAUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.00
Year-over-Year Change
63.16%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to Saudi Arabia from the U.S. state of West Virginia. It provides insights into the trade relationships and export activity between West Virginia and a 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
The Number of Identified Exporters to Saudi Arabia from West Virginia is an economic indicator that tracks the count of individual companies or entities based in West Virginia that export goods or services to Saudi Arabia. This data point is useful for analyzing trade patterns, market access, and the competitiveness of West Virginia businesses in a major foreign market.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This trend is relevant for policymakers, trade analysts, and businesses seeking to understand West Virginia's export dynamics and potential areas for economic development.
Key Facts
- West Virginia exported $252 million in goods to Saudi Arabia in 2021.
- The number of identified exporters from West Virginia to Saudi Arabia increased by 7% from 2020 to 2021.
- Chemical products make up the largest share of West Virginia's exports to Saudi Arabia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of individual companies or entities based in the U.S. state of West Virginia that export goods or services to Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into West Virginia's trade relationships and export activity with a key international market, which is useful for policymakers, trade analysts, and businesses seeking to understand the state's export dynamics and potential areas for economic development.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and trade analysts who use it to understand West Virginia's export performance and competitiveness in the Saudi Arabian market, which can inform trade policies, investment strategies, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is subject to the timelines and availability of the U.S. Census Bureau's surveys and administrative records, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Saudi Arabia from West Virginia (WVSAUA475SCEN), retrieved from FRED.