U.S. Imports of Goods by Customs Basis from Russia
IMP4621 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
405.27
Year-over-Year Change
116.70%
Date Range
1/1/1992 - 6/1/2025
Summary
The U.S. Imports of Goods by Customs Basis from Russia measure the monetary value of physical goods imported from Russia to the United States. This data is crucial for analyzing trade balances and the impact of policy changes on international commerce.
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 economic indicator tracks the total U.S. imports of physical merchandise from Russia, regardless of ownership or point of shipment. It is an important metric for understanding the trade relationship between the two countries and can inform decisions around tariffs, sanctions, and other trade policy.
Methodology
The data is collected by the U.S. Census Bureau through customs declarations and shipping manifests.
Historical Context
Policymakers and market analysts use this data to assess the economic ties between the U.S. and Russia and the broader impacts of geopolitical tensions.
Key Facts
- Imports from Russia accounted for 1.1% of total U.S. goods imports in 2022.
- U.S. goods imports from Russia peaked at $26.2 billion in 2019.
- The U.S. has imposed several rounds of economic sanctions on Russia since 2014.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the monetary value of physical goods imported from Russia to the United States, regardless of ownership or point of shipment.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for analyzing trade balances and the impact of policy changes on the economic relationship between the U.S. and Russia.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs declarations and shipping manifests.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to assess the economic ties between the U.S. and Russia and the broader impacts of geopolitical tensions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Russia (IMP4621), retrieved from FRED.