Goods, Value of Imports for Russian Federation
VALIMPRUM052N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,579,000,000.00
Year-over-Year Change
24.54%
Date Range
1/1/2010 - 9/1/2021
Summary
The 'Goods, Value of Imports for Russian Federation' series measures the total value of goods imported by Russia. This metric is important for understanding Russia's international trade dynamics and economic conditions.
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 dollar value of all goods and commodities imported into Russia. It is a key indicator of the country's international trade flows, consumer demand, and overall economic activity.
Methodology
The data is collected and published by the U.S. Federal Reserve based on official trade statistics.
Historical Context
Policy makers and market analysts use this metric to assess Russia's trade balance, import-export ratios, and broader economic trends.
Key Facts
- Russia is one of the world's largest importers of goods.
- Import values can signal changing consumer demand and industrial activity in Russia.
- Tracking import trends helps economists analyze Russia's trade balance and currency exchange rates.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total value of goods and commodities imported into Russia over time.
Q: Why is this trend relevant for users or analysts?
A: Monitoring import values provides insight into Russia's trade balance, consumer demand, and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve based on official Russian trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess Russia's trade flows, currency exchange rates, and overall economic performance.
Q: Are there update delays or limitations?
A: There may be some reporting delays, as the data relies on official Russian trade figures.
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Citation
U.S. Federal Reserve, Goods, Value of Imports for Russian Federation (VALIMPRUM052N), retrieved from FRED.