Value of Exports to Russia from Florida
FLRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
213,109,471.00
Year-over-Year Change
65.44%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from Florida' metric tracks the total dollar value of goods and services exported from the state of Florida to Russia. This data provides insight into trade dynamics and economic ties between Florida and 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 represents the total value of exports originating from Florida and destined for Russia. It is an important indicator of the commercial relationship and interdependence between the Florida economy and the Russian market, which can be relevant for policymakers, businesses, and economic analysts.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
This export value trend is used to monitor shifts in Florida's trade patterns and exposure to the Russian economy.
Key Facts
- Florida is a major exporting state, accounting for over $55 billion in total exports annually.
- Russia was Florida's 25th largest export destination in 2021.
- Exports to Russia make up less than 1% of Florida's total international trade.
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 Florida to Russia in a given time period.
Q: Why is this trend relevant for users or analysts?
A: This export value data provides insight into the economic relationship and trade flows between Florida and the Russian market, which can be relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: This export value trend is used to monitor shifts in Florida's trade patterns and exposure to the Russian economy, which can inform policymakers and businesses.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the reference period and the data release, and the data may not capture all export activity.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Florida (FLRUSA052SCEN), retrieved from FRED.