Value of Exports to Russia from Connecticut
CTRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,280,567.00
Year-over-Year Change
569.74%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from Connecticut' trend measures the dollar value of goods and services exported from the state of Connecticut to Russia over time. This metric is important for economists and policymakers to understand Connecticut's trade dynamics and exposure to the Russian 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
This series tracks the total value of exports originating from Connecticut that are destined for Russia. It provides insight into the commercial and economic relationship between the state and the Russian Federation, which can inform trade policies, investment decisions, and risk assessments.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Policymakers and analysts use this trend to gauge Connecticut's economic ties with Russia and the potential impacts of geopolitical events or trade policy changes.
Key Facts
- Connecticut exported $58.3 million in goods to Russia in 2021.
- Exports to Russia account for less than 1% of Connecticut's total exports.
- The value of exports to Russia from Connecticut has declined by 60% since 2014.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of Connecticut to the Russian Federation over time.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Connecticut's trade relationship with Russia, which can inform economic and geopolitical risk assessments, as well as policy decisions regarding international commerce.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting businesses located in Connecticut.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge Connecticut's economic ties with Russia and the potential impacts of geopolitical events or trade policy changes on the state's economy.
Q: Are there update delays or limitations?
A: There may be some delay in the availability of the most recent data, as it is collected through business surveys.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Connecticut (CTRUSA052SCEN), retrieved from FRED.