Nominal Exports of Goods for Russia
Quarterly
NXGNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,975,834.90
Year-over-Year Change
25.33%
Date Range
1/1/2011 - 10/1/2022
Summary
The Quarterly Goods and Services Exports data measures the total value of goods and services exported from the United States on a quarterly basis. This key economic indicator provides insights into the health of the U.S. trade balance and international competitiveness.
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 Quarterly Goods and Services Exports series tracks the dollar value of all physical goods and intangible services exported from the United States to other countries over a three-month period. It is an important measure of international trade and economic activity for policymakers and analysts.
Methodology
The data is compiled by the U.S. Bureau of Economic Analysis based on surveys of businesses and international transactions.
Historical Context
This export data is closely monitored by the Federal Reserve and other institutions to assess the U.S. trade position and economic performance.
Key Facts
- Exports accounted for 12% of U.S. GDP in 2021.
- China was the top destination for U.S. exports in 2021.
- Services exports like travel and intellectual property exceeded goods exports in 2021.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Goods and Services Exports series measures the total value of physical goods and intangible services exported from the United States to other countries on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This export data provides important insights into the health of the U.S. trade balance and international competitiveness, making it a closely watched metric for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The U.S. Bureau of Economic Analysis compiles this data based on surveys of businesses and international transactions.
Q: How is this trend used in economic policy?
A: The Federal Reserve and other institutions closely monitor this export data to assess the U.S. trade position and overall economic performance, informing policy decisions.
Q: Are there update delays or limitations?
A: The Quarterly Goods and Services Exports data is published with a lag of approximately two to three months after the end of each quarter.
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Citation
U.S. Federal Reserve, Quarterly Goods and Services Exports (NXGNSAXDCRUQ), retrieved from FRED.