Value of Exports to Russia from New Jersey
NJRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100,958,745.00
Year-over-Year Change
-6.23%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from New Jersey' series measures the dollar value of goods and services exported from the U.S. state of New Jersey to Russia. This metric is crucial for understanding trade patterns and the economic relationship between the two regions.
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 monetary value of all products and services shipped from New Jersey to customers and businesses in Russia. The data is used by policymakers, trade analysts, and economists to assess the scale and trends of commercial activity between the state and this important trade partner.
Methodology
The data is collected by the U.S. Census Bureau through surveys of New Jersey exporters.
Historical Context
Monitoring state-level export volumes is important for formulating effective economic and trade policies.
Key Facts
- New Jersey is a major exporting state, ranking 7th nationally.
- Russia is New Jersey's 25th largest export destination.
- Exports to Russia account for 1.2% of New Jersey's total exports.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monetary value of all goods and services exported from the U.S. state of New Jersey to customers and businesses in Russia.
Q: Why is this trend relevant for users or analysts?
A: Monitoring state-level export volumes is crucial for policymakers, trade analysts, and economists to assess commercial activity and formulate effective economic and trade policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of New Jersey exporters.
Q: How is this trend used in economic policy?
A: This metric is used by government agencies, trade organizations, and economists to analyze trade patterns and the economic relationship between New Jersey and Russia.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 2 months.
Related Trends
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Balance of Payments: Other Investment: Assets (or Net Acquisition of Assets) for Russia
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Number of Identified Exporters to Russia from Alaska
AKRUSA475SCEN
Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: National Currency: USD for Russia
CCUSSP02RUM650N
Real Final Consumption Expenditure for Russia
NCRNSAXDCRUQ
Consumer Opinion Surveys: Composite Consumer Confidence for Russia
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Citation
U.S. Federal Reserve, Value of Exports to Russia from New Jersey (NJRUSA052SCEN), retrieved from FRED.