Value of Exports to Russia from Alabama
ALRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,275,545.00
Year-over-Year Change
123.24%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from Alabama' measures the dollar value of goods and services exported from the state of Alabama to Russia. This metric is important for understanding Alabama's trade relationship with Russia and the potential economic impacts of policy changes.
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 tracks the total export value from Alabama to Russia over time. It provides insight into the scale and composition of trade between the state and this key global market, which is relevant for businesses, policymakers, and economists analyzing regional economic trends.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Alabama exporters.
Historical Context
This export data is used to assess the economic relationship between Alabama and Russia, and can inform trade policy discussions.
Key Facts
- Alabama's exports to Russia peaked in 2013 at $123 million.
- Exports declined sharply after 2014 due to economic sanctions.
- Top Alabama exports to Russia include transportation equipment and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the state of Alabama to Russia over time.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship between Alabama and Russia, which is important for understanding regional economic dynamics and evaluating the impacts of trade policy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Alabama-based exporters.
Q: How is this trend used in economic policy?
A: This export data can inform discussions around trade policy between the United States and Russia, as well as regional economic development strategies in Alabama.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the series does not capture all types of cross-border economic activity between Alabama and Russia.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Alabama (ALRUSA052SCEN), retrieved from FRED.