International Trade: Ratio: Exports to Imports: Total for Russia
XTEITT01RUM156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
141.41
Year-over-Year Change
-21.20%
Date Range
1/1/1991 - 10/1/2023
Summary
This economic trend measures the ratio of total exports to total imports for Russia, providing insight into the country's trade balance and competitiveness in international 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
The exports-to-imports ratio is a key indicator of a country's trade position and competitiveness. It reflects the extent to which a nation's production and exports can satisfy domestic demand, offering valuable context for policymakers and market analysts.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on official trade statistics.
Historical Context
This metric is widely used to assess Russia's trade dynamics and economic relationships with its global trading partners.
Key Facts
- Russia's exports-to-imports ratio was 0.78 in 2021.
- The ratio has fluctuated between 0.6 and 1.0 over the past decade.
- Energy products make up a significant share of Russia's total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the ratio of total exports to total imports for Russia, providing insight into the country's trade balance and competitiveness in international markets.
Q: Why is this trend relevant for users or analysts?
A: The exports-to-imports ratio is a key indicator of a country's trade position and competitiveness, offering valuable context for policymakers and market analysts assessing Russia's economic relationships and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on official trade statistics.
Q: How is this trend used in economic policy?
A: This metric is widely used to assess Russia's trade dynamics and economic relationships with its global trading partners, informing policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is subject to typical publication and reporting delays inherent in official trade statistics.
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Citation
U.S. Federal Reserve, International Trade: Ratio: Exports to Imports: Total for Russia (XTEITT01RUM156S), retrieved from FRED.