Number of Identified Exporters to Russia from Minnesota
MNRUSA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.00
Year-over-Year Change
40.78%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Russia from Minnesota' trend measures the count of businesses based in Minnesota that export goods to Russia. This metric provides insight into the trade relationship between the state and a major 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 economic indicator tracks the count of individual Minnesota companies that export products to Russia. It serves as a proxy for the level of economic activity and trade flows between the state and the Russian market.
Methodology
The data is collected through surveys and reporting by the U.S. Census Bureau.
Historical Context
This trend is relevant for policymakers and analysts examining Minnesota's export performance and exposure to geopolitical developments.
Key Facts
- Minnesota exported over $400 million in goods to Russia in 2019.
- The number of identified Minnesota exporters to Russia declined by 20% from 2017 to 2021.
- Russia was Minnesota's 25th largest export destination in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Identified Exporters to Russia from Minnesota' metric tracks the count of individual businesses based in Minnesota that export goods to the Russian market.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the strength of trade ties between Minnesota and Russia, which is an important signal for the state's overall export performance and exposure to geopolitical developments.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Minnesota's export activity and identify opportunities or risks related to trade with Russia.
Q: Are there update delays or limitations?
A: This data may have lags of several months due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Russia from Minnesota (MNRUSA475SCEN), retrieved from FRED.