Value of Exports to Russia from Colorado
CORUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,427,128.00
Year-over-Year Change
43.73%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from Colorado' series measures the total value of goods and services exported from the state of Colorado to Russia. This metric is important for economists and policymakers to understand Colorado's trade relationships and exposure to global economic conditions.
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 represents the dollar value of all products and services that are transported from Colorado to Russia. It reflects the commercial activity and economic integration between the state and the Russian market, which is relevant for assessing Colorado's export-driven industries and their sensitivity to international events.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and market analysts use this metric to gauge Colorado's export competitiveness and the potential impacts of trade policy changes or geopolitical developments.
Key Facts
- Colorado exported over $150 million in goods to Russia in 2019.
- Aerospace products are a major Colorado export to Russia.
- Exports to Russia account for less than 1% of Colorado's total exports.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the state of Colorado to Russia, reflecting the commercial activity and trade relationship between the two.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding Colorado's export-driven industries and their sensitivity to international economic conditions and trade policy changes.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to gauge Colorado's export competitiveness and the potential impacts of trade policy changes or geopolitical developments.
Q: Are there update delays or limitations?
A: The data may have a several month delay in reporting and may not capture all trade activities due to limitations in data collection.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Colorado (CORUSA052SCEN), retrieved from FRED.