Value of Exports to Russia from South Dakota
SDRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,787,638.00
Year-over-Year Change
-8.76%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Russia from South Dakota' series tracks the total value of goods and services exported from South Dakota to Russia. This metric is important for economists and policymakers to understand South Dakota's trade relationship with Russia.
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 economic indicator represents the dollar value of all products and services shipped from businesses located in South Dakota to customers or clients in Russia. It provides insight into the scale and trends of South Dakota's export activity with this specific trading partner.
Methodology
The data is collected through surveys of exporting companies and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and market analysts use this metric to assess the trade dynamics between South Dakota and Russia.
Key Facts
- South Dakota exported $X.XX million in goods and services to Russia in the latest period.
- Exports to Russia account for X.X% of South Dakota's total international trade.
- The value of exports to Russia has [increased/decreased] by X% over the past year.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of all products and services exported from businesses located in South Dakota to customers or clients in Russia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and trends of South Dakota's trade relationship with Russia, which is important for policymakers and market analysts assessing the state's international commerce.
Q: How is this data collected or calculated?
A: The data is collected through surveys of exporting companies and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to understand the dynamics of South Dakota's trade with Russia and inform decisions related to economic development, trade agreements, and other policies.
Q: Are there update delays or limitations?
A: There may be a 1-2 month delay in the availability of the latest data due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from South Dakota (SDRUSA052SCEN), retrieved from FRED.