Value of Exports to Russia from Kansas
KSRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,653,762.00
Year-over-Year Change
62.24%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from Kansas' trend measures the dollar value of goods and services exported from the state of Kansas to Russia. This metric is important for economists and policymakers to assess the trade relationship between Kansas and a key international 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 Kansas and destined for Russia. It provides insight into the scale and composition of economic activity between the state and this specific trade partner, which can inform decisions around trade policy, investment, and economic development strategies.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
This export data is widely used by economists, trade analysts, and policymakers to monitor the health of Kansas' international trade relationships and the state's economic exposure to global market conditions.
Key Facts
- Kansas exported $120 million worth of goods and services to Russia in 2021.
- Exports to Russia accounted for 2.5% of Kansas' total international trade in 2021.
- Aerospace products are Kansas' top export to Russia, comprising over 60% of the state's sales.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Russia from Kansas' trend measures the total dollar value of goods and services exported from the state of Kansas to the country of Russia.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insight into the economic relationship between Kansas and a key international trade partner, which is important for informing trade policy, investment decisions, and assessments of the state's economic exposure to global market conditions.
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 declarations.
Q: How is this trend used in economic policy?
A: Economists, trade analysts, and policymakers use this export data to monitor the health of Kansas' international trade relationships and the state's economic exposure to global market conditions, which can inform decisions around trade policy, investment, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but may have a 1-2 month reporting lag due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Kansas (KSRUSA052SCEN), retrieved from FRED.