Value of Exports to Russia from Minnesota
MNRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84,055,254.00
Year-over-Year Change
299.68%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from Minnesota' tracks the total value of goods and services exported from the state of Minnesota to Russia. This metric provides insight into Minnesota's economic ties and trade relationship with 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 measures the dollar value of all products and services exported from Minnesota businesses and producers to destinations in Russia. It is an important indicator of the state's international trade and commercial activity, particularly in relation to a key trading partner.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Analysts and policymakers monitor this export trend to assess Minnesota's economic exposure and opportunities in the Russian market.
Key Facts
- Minnesota exports to Russia totaled $XX.X billion in the latest year.
- Exports to Russia account for X.X% of Minnesota's total international trade.
- Top Minnesota export categories to Russia include [example 1], [example 2], and [example 3].
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of goods and services exported from the state of Minnesota to destinations in Russia.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into Minnesota's economic ties and trade relationship with the Russian market, which is an important factor for analysts and policymakers to monitor.
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 records.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this export trend to assess Minnesota's economic exposure and opportunities in the Russian market.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the latest data due to the time required for collection and reporting.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Minnesota (MNRUSA052SCEN), retrieved from FRED.