Value of Exports to Russia from New York
NYRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
319,243,798.00
Year-over-Year Change
54.85%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from New York' measures the dollar value of goods exported from the state of New York to Russia. This indicator provides insight into the trade relationship between New York and one of the world's largest economies.
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 tracks the total value of physical goods shipped from New York to customers in Russia. It offers a window into the scale and dynamics of New York's export activities with this important trading partner, which is relevant for understanding the state's economic performance and trade integration.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters.
Historical Context
Policy makers and market analysts use this metric to monitor trade flows and the economic relationship between New York and Russia.
Key Facts
- New York is a major exporting state, accounting for over $70 billion in annual merchandise exports.
- Russia is one of New York's top 10 export destinations.
- Exports to Russia made up about 2% of New York's total exports in recent years.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total dollar value of physical goods exported from the state of New York to customers in Russia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between New York and one of the world's largest economies, which is relevant for understanding the state's economic performance and trade integration.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters.
Q: How is this trend used in economic policy?
A: Policy makers and market analysts use this metric to monitor trade flows and the economic relationship between New York and Russia.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 2-3 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from New York (NYRUSA052SCEN), retrieved from FRED.