Real Exports of Goods and Services for Russia
NXRNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,198,690.00
Year-over-Year Change
-70.14%
Date Range
1/1/2011 - 10/1/2021
Summary
The Real Exports of Goods and Services for Russia measures the total real (inflation-adjusted) value of all goods and services exported from Russia. This metric is a key indicator of Russia's trade activity and global 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 Exports of Goods and Services for Russia captures the volume of Russian exports over time, providing insight into the country's trade balance, competitiveness, and overall economic performance. Policymakers and analysts use this data to assess Russia's trade relationships and the impact of factors like exchange rates, tariffs, and global demand.
Methodology
The data is calculated by the U.S. Federal Reserve based on Russian export figures, adjusting for inflation.
Historical Context
Trends in Russian exports are closely watched by global markets and institutions to understand the state of the Russian economy and its trade relations.
Key Facts
- Russia is one of the world's largest exporters of natural resources, including oil, gas, and metals.
- Exports accounted for over 25% of Russia's GDP in 2021.
- Russia's top export partners are China, Netherlands, and Germany.
FAQs
Q: What does this economic trend measure?
A: The Real Exports of Goods and Services for Russia measures the total real (inflation-adjusted) value of all goods and services exported from Russia.
Q: Why is this trend relevant for users or analysts?
A: Trends in Russian exports provide insight into the country's trade balance, competitiveness, and overall economic performance, which is of key interest to policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Federal Reserve based on Russian export figures, adjusting for inflation.
Q: How is this trend used in economic policy?
A: Trends in Russian exports are closely watched by global markets and institutions to understand the state of the Russian economy and its trade relations.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, though there may be some delays in reporting due to the time required for data collection and processing.
Related Trends
Number of Identified Exporters to Russia from Illinois
ILRUSA475SCEN
International Merchandise Trade Statistics: Imports: Commodities for Russia
XTIMVA01RUA664S
Use of Financial Services, Assets: Outstanding Loans to Small and Medium Enterprises at Commercial Banks for Russian Federation
RUSFCSODCSXDC
Financial Market: Real Effective Exchange Rates: CPI Based for Russia
CCRETT01RUM661N
Bank's Return on Assets for Russian Federation
DDEI05RUA156NWDB
Consumer Price Index: Food and Non-Alcoholic Beverages (COICOP 01): Total for Russia
RUSCP010000GPQ
Citation
U.S. Federal Reserve, Real Exports of Goods and Services for Russia (NXRNSAXDCRUQ), retrieved from FRED.