Value of Exports to Russia from Kentucky
KYRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,630,935.00
Year-over-Year Change
-11.26%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from Kentucky' metric tracks the total dollar value of goods and services exported from Kentucky to Russia over time. This provides insight into the economic relationship between Kentucky and Russia.
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 data series represents the total value of exports from the state of Kentucky to Russia. It is an important indicator of the trade flows and economic ties between Kentucky's businesses and the Russian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Kentucky-based exporters.
Historical Context
This metric is closely watched by policymakers and industry analysts to gauge the impact of economic and geopolitical developments on Kentucky's export relationships.
Key Facts
- Kentucky exported $250 million in goods to Russia in 2021.
- Exports to Russia account for 2.5% of Kentucky's total international trade.
- Aerospace products are Kentucky's top export to Russia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of goods and services exported from the state of Kentucky to Russia over time.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the economic relationship between Kentucky and Russia, which is important for policymakers and industry analysts to understand.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Kentucky-based exporters.
Q: How is this trend used in economic policy?
A: This metric is closely watched by policymakers and industry analysts to gauge the impact of economic and geopolitical developments on Kentucky's export relationships.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Kentucky (KYRUSA052SCEN), retrieved from FRED.