Real Imports of Goods and Services for Russia
NMRNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,244,263.40
Year-over-Year Change
-79.29%
Date Range
1/1/2011 - 10/1/2021
Summary
This economic trend measures the real volume of goods and services imported by Russia. It provides insight into Russia's international trade and economic integration.
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
The Real Imports of Goods and Services for Russia index tracks the inflation-adjusted value of all products and services purchased from other countries. It is a key indicator of Russia's participation in global commerce and consumption of foreign goods.
Methodology
The data is calculated based on Russian customs records and national accounts data.
Historical Context
This metric helps analysts understand Russia's trade balance, competitiveness, and exposure to external economic forces.
Key Facts
- Russia is one of the world's largest importers of goods and services.
- Real imports have fluctuated significantly in recent years due to economic sanctions.
- Import volumes can signal shifts in domestic demand and purchasing power.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted value of all goods and services imported by Russia from other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Russia's international trade, domestic consumption patterns, and economic integration with the global marketplace.
Q: How is this data collected or calculated?
A: The data is calculated based on Russian customs records and national accounts data.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess Russia's trade balance, competitiveness, and exposure to external economic forces.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and revisions due to the complexity of calculating real import volumes.
Related Trends
Value of Exports to Russia from South Dakota
SDRUSA052SCEN
Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Russia
RUSPROINDMISMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Russia
RUSCP050000IXOBM
Number of Identified Exporters to Russia from Ohio
OHRUSA475SCEN
National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Russia
RUSEXPORTQDSMEI
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Russia
RUSCP080000IXOBQ
Citation
U.S. Federal Reserve, Real Imports of Goods and Services for Russia (NMRNSAXDCRUQ), retrieved from FRED.