Value of Exports to Russia from Arizona
AZRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
77,909,152.00
Year-over-Year Change
473.13%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from Arizona' trend measures the dollar value of goods and services exported from the state of Arizona to Russia. This metric is important for economists and policymakers to understand Arizona's economic ties and trade relationship with Russia.
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 monetary value of all products and services exported from Arizona to Russia, providing insight into the state's export market and commercial activity with this major trading partner. The data can inform trade policy, economic forecasting, and business decision-making.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Arizona exporters.
Historical Context
Policymakers and market analysts use this export data to assess the economic impact of trade agreements, tariffs, and geopolitical factors on Arizona businesses.
Key Facts
- Arizona exported $145 million in goods and services to Russia in 2021.
- Exports to Russia account for 1.2% of Arizona's total international trade.
- Machinery and transportation equipment are Arizona's top exports to Russia.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Russia from Arizona' trend measures the total dollar value of goods and services exported from the state of Arizona to Russia.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insight into Arizona's trade relationship with Russia, which is an important economic and geopolitical factor for policymakers, businesses, and market analysts to consider.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects the export data through surveys of Arizona businesses and exporters.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this export data to assess the impact of trade agreements, tariffs, and geopolitical events on Arizona's economy and businesses.
Q: Are there update delays or limitations?
A: The export data is published monthly with a 2-3 month lag, so the most recent figures may not reflect the current trade environment.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Arizona (AZRUSA052SCEN), retrieved from FRED.