Real Exports of Goods and Services for Russia
Annual
NXRXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,689,415.90
Year-over-Year Change
-27.13%
Date Range
1/1/1990 - 1/1/2021
Summary
The Annual trade balance, or net exports, represents the difference between a country's exports and imports of goods and services over the course of a year. This metric is a key indicator of a nation's trade position and competitiveness in global markets.
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 Annual trade balance tracks the overall flow of a country's goods and services across its borders. It is a fundamental measure of a nation's participation in international trade and can signal the strength or weakness of its economy relative to its trading partners.
Methodology
The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses and government agencies.
Historical Context
The trade balance is closely watched by policymakers, investors, and economists for insights into a country's economic health and global trade dynamics.
Key Facts
- The U.S. has run a trade deficit every year since 1976.
- China is the largest holder of U.S. debt, at over $1 trillion.
- Trade imbalances can impact currency exchange rates and lead to trade disputes.
FAQs
Q: What does this economic trend measure?
A: The Annual trade balance measures the difference between a country's exports and imports of goods and services over the course of a year.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a key indicator of a nation's trade position and competitiveness in the global economy, providing insights into its economic health and trade dynamics.
Q: How is this data collected or calculated?
A: The data is calculated by the U.S. Bureau of Economic Analysis based on surveys of businesses and government agencies.
Q: How is this trend used in economic policy?
A: The trade balance is closely watched by policymakers, investors, and economists for its implications on a country's economic performance and trade relations.
Q: Are there update delays or limitations?
A: The Annual trade balance data is published with a delay, as it relies on comprehensive surveys of businesses and government sources.
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Citation
U.S. Federal Reserve, Annual (NXRXDCRUA), retrieved from FRED.