Value of Exports to Russia from Wisconsin
WIRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104,219,970.00
Year-over-Year Change
37.25%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from Wisconsin' economic trend measures the dollar value of goods and services exported from the state of Wisconsin to Russia. This metric is important for understanding Wisconsin's trade relationships and exposures with major global markets.
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 series tracks the total value of exports originating from Wisconsin and destined for Russia. It provides insight into the commercial ties between the state's businesses and the Russian market, which is a key indicator of economic activity and integration with the global economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and analysts use this trend to assess the potential impacts of economic and geopolitical developments on Wisconsin's trade flows.
Key Facts
- Wisconsin exported $123 million worth of goods to Russia in 2021.
- Exports to Russia account for 1.2% of Wisconsin's total international trade.
- The top Wisconsin exports to Russia include machinery, transportation equipment, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of Wisconsin to Russia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Wisconsin's trade relationship and economic integration with the Russian market, which is an important indicator for policymakers and businesses.
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 declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the potential impacts of economic and geopolitical developments on Wisconsin's trade flows and overall economic performance.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Wisconsin (WIRUSA052SCEN), retrieved from FRED.