Value of Exports to Russia from Indiana
INRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109,813,774.00
Year-over-Year Change
571.51%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from Indiana' trend measures the dollar value of goods and services exported from the U.S. state of Indiana to Russia. This metric is important for analyzing trade flows and economic relationships between regional economies.
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 merchandise exports from Indiana to Russia on a monthly basis. It provides insight into the commercial and trade activity between the two regions and can be used to assess the impact of economic policies, exchange rates, and geopolitical events on state-level trade.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporters.
Historical Context
Policymakers and market analysts use this trend to monitor Indiana's trade position and competitiveness in the Russian market.
Key Facts
- Indiana is a major U.S. exporting state, with Russia as an important trade partner.
- Exports to Russia accounted for 2.4% of Indiana's total exports in 2021.
- The value of Indiana's exports to Russia has fluctuated significantly in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Russia from Indiana' trend measures the dollar value of goods and services exported from the U.S. state of Indiana to Russia on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial and trade activity between Indiana and Russia, which is important for analyzing regional economic relationships and the impact of economic policies and events.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of exporters.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to monitor Indiana's trade position and competitiveness in the Russian market, which can inform trade and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to revision and may have a 1-2 month reporting lag, which should be considered when interpreting the most recent values.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Indiana (INRUSA052SCEN), retrieved from FRED.