Value of Exports to Russia from North Carolina
NCRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96,241,790.00
Year-over-Year Change
31.38%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from North Carolina' series measures the total value of goods exported from North Carolina to Russia. This metric is important for analyzing North Carolina's trade relationships and economic ties with international markets.
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 tracks the dollar value of all physical goods and commodities exported from the state of North Carolina to the Russian Federation. It provides insight into the scale and trends of North Carolina's export activity with one of its key international trade partners.
Methodology
The data is collected by the U.S. Census Bureau through customs records and surveys of exporting businesses.
Historical Context
Policymakers and trade analysts use this series to monitor North Carolina's export performance and competitiveness in the Russian market.
Key Facts
- North Carolina is a major exporting state, accounting for over $35 billion in total exports annually.
- Russia was North Carolina's 25th largest export destination in 2021.
- Machinery, transportation equipment, and agricultural products are top North Carolina exports to Russia.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of goods exported from the state of North Carolina to the Russian Federation.
Q: Why is this trend relevant for users or analysts?
A: Monitoring North Carolina's export activity with Russia provides insights into the state's international trade relationships and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs records and surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this series to assess North Carolina's export performance and competitiveness in the Russian market.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag due to the time required for collecting and processing the information.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from North Carolina (NCRUSA052SCEN), retrieved from FRED.