Number of Identified Exporters to Russia from South Dakota
SDRUSA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
54.55%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Russia from South Dakota' trend tracks the count of businesses based in South Dakota that export goods or services to Russia. This metric provides insight into trade relationships and economic activity 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 measures the number of unique exporters located in the state of South Dakota that have reported sales to Russia. The data helps economists and policymakers understand the extent of trade connections between South Dakota and the Russian market.
Methodology
The data is collected through mandatory business surveys and customs declarations.
Historical Context
Monitoring exporter counts can inform trade policy and diplomatic decisions between the U.S. and Russia.
Key Facts
- South Dakota exports to Russia have declined since 2014.
- The number of exporters peaked in 2012 at 75 companies.
- Agriculture products make up the majority of South Dakota's exports to Russia.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of businesses located in South Dakota that have reported selling goods or services to customers in Russia.
Q: Why is this trend relevant for users or analysts?
A: The exporter count provides insight into the trade relationship and economic connections between South Dakota and the Russian market, which can inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through mandatory business surveys and customs declarations.
Q: How is this trend used in economic policy?
A: Monitoring changes in the number of exporters can help policymakers and economists understand the impact of trade policies and diplomatic relations between the U.S. and Russia.
Q: Are there update delays or limitations?
A: There may be delays in reporting as the data relies on survey responses and customs records.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Russia from South Dakota (SDRUSA475SCEN), retrieved from FRED.