International Trade: Exports: Value (Goods): Total for Russia
XTEXVA01RUQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.05
Year-over-Year Change
7.17%
Date Range
1/1/2003 - 7/1/2021
Summary
This economic trend measures the total value of goods exported from Russia. It is an important indicator of Russia's international trade and economic activity.
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 International Trade: Exports: Value (Goods): Total for Russia series tracks the monetary value of all goods exported from Russia to international markets. This metric provides insight into Russia's participation in global trade and the competitiveness of its export industries.
Methodology
The data is collected and reported by the Russian Federal State Statistics Service.
Historical Context
Policymakers and analysts use this trend to assess Russia's trade balance, economic performance, and integration with the global economy.
Key Facts
- Russia is one of the world's largest exporters of natural resources and energy products.
- Exports account for over a quarter of Russia's GDP.
- The top destinations for Russian exports are China, Netherlands, and Germany.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all goods exported from Russia to international markets.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Russia's participation in global trade and the competitiveness of its export industries, which is crucial for assessing the country's economic performance and trade balance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Russia's trade relationships, economic integration, and the impact of trade policies on its export-oriented industries.
Q: Are there update delays or limitations?
A: The data is published regularly by the Russian statistical agency, but there may be some delays in reporting or limitations in data coverage.
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Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Russia (XTEXVA01RUQ188S), retrieved from FRED.