Value of Exports to Russia from Ohio
OHRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135,301,173.00
Year-over-Year Change
17.46%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Ohio to Russia. It provides insights into Ohio's trade relationship with Russia and is relevant for policymakers and analysts examining state-level trade dynamics.
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 Value of Exports to Russia from Ohio series tracks the dollar value of goods and services exported from Ohio to Russia over time. This data point is used by economists and trade specialists to analyze Ohio's economic ties with the Russian market and understand how geopolitical factors may impact the state's exports.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Trends in Ohio's exports to Russia are closely monitored by policymakers assessing the economic impacts of sanctions or trade policies.
Key Facts
- Ohio is a major exporting state, accounting for over $50 billion in total exports annually.
- Russia was Ohio's 33rd largest export market in 2021.
- Machinery, vehicles, and agricultural products are top Ohio exports to Russia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the U.S. state of Ohio to Russia over time.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Ohio's trade relationship with Russia, which is relevant for policymakers and economists examining state-level export dynamics and the economic impacts of trade policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Trends in Ohio's exports to Russia are closely monitored by policymakers assessing the economic impacts of sanctions or trade policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Census Bureau, but there may be some delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Ohio (OHRUSA052SCEN), retrieved from FRED.