Value of Exports to Russia from Oklahoma
OKRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74,500,557.00
Year-over-Year Change
10.69%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from Oklahoma' trend measures the total value of goods and services exported from Oklahoma to Russia. This metric is important for understanding trade dynamics and economic ties between the two regions.
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 series represents the total value of exports originating from the state of Oklahoma that are destined for Russia. It provides insight into the scale and composition of Oklahoma's trade relationship with the Russian market, which is useful for economists, policymakers, and businesses monitoring regional economic activity.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Tracking this export trend can inform assessments of Oklahoma's economic exposure to geopolitical or trade policy changes affecting Russia.
Key Facts
- Oklahoma's exports to Russia totaled $XX.X million in the most recent year.
- Aerospace products and parts make up the largest share of Oklahoma's exports to Russia.
- Export values to Russia have fluctuated significantly over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the U.S. state of Oklahoma to Russia in a given time period.
Q: Why is this trend relevant for users or analysts?
A: Tracking Oklahoma's export activity to Russia provides insight into the state's trade relationship and economic ties with the Russian market, which is useful for understanding regional economic dynamics and exposure to geopolitical factors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this export data to assess Oklahoma's economic dependence on the Russian market and evaluate the potential impact of trade policy changes or geopolitical events affecting Russia-U.S. relations.
Q: Are there update delays or limitations?
A: There may be several months of delay in the reporting of this export data, and the figures could be subject to revisions over time as more complete information becomes available.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Oklahoma (OKRUSA052SCEN), retrieved from FRED.