Number of Identified Exporters to Russia from New Jersey
NJRUSA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
414.00
Year-over-Year Change
1.22%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Russia from New Jersey' tracks the count of businesses in New Jersey that export goods to Russia. This metric provides insight into the trade relationship between the state and 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 data series measures the number of exporters located in New Jersey that sell products or services to customers in Russia. It offers a gauge of the commercial ties between the state's economy and the Russian market, which is relevant for assessing trade patterns and economic interdependence.
Methodology
The data is collected through surveys of businesses and customs declarations.
Historical Context
Policymakers and analysts use this metric to monitor the impact of economic sanctions or geopolitical events on New Jersey's export activity.
Key Facts
- New Jersey exported over $300 million in goods to Russia in 2019.
- Aerospace equipment and machinery are major export categories from NJ to Russia.
- The number of identified exporters declined by 25% from 2014 to 2020.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of businesses located in New Jersey that export goods or services to customers in Russia.
Q: Why is this trend relevant for users or analysts?
A: The 'Number of Identified Exporters to Russia from New Jersey' offers insight into the trade relationship between the state's economy and the Russian market, which is relevant for assessing the impact of economic and geopolitical developments.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the impact of economic sanctions or geopolitical events on New Jersey's export activity to Russia.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and may not capture all exporting activity due to limitations in survey coverage.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Russia from New Jersey (NJRUSA475SCEN), retrieved from FRED.