International Merchandise Trade Statistics: Imports: Commodities for Russia
XTIMVA01RUA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,832,490,000,000.00
Year-over-Year Change
167.30%
Date Range
1/1/1993 - 1/1/2024
Summary
The International Merchandise Trade Statistics: Imports: Commodities for Russia measures the monetary value of goods imported into Russia from other countries. This metric is a key indicator of Russia's international trade activity and economic integration.
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 tracks the total value of commodities, or raw materials and manufactured goods, imported into Russia. It provides insight into Russia's reliance on foreign suppliers, trade balances, and shifts in consumer and industrial demand.
Methodology
The data is collected through customs declarations and surveys of importers by the relevant statistical agencies.
Historical Context
Policymakers and analysts use this metric to assess Russia's trade dynamics and the health of its domestic industries.
Key Facts
- Russia is one of the world's largest importers of goods.
- Machinery, vehicles, and pharmaceuticals are major import categories for Russia.
- Import values can signal shifts in domestic demand and production.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total monetary value of commodities and goods imported into Russia from other countries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Russia's trade dynamics, domestic demand, and economic integration with the global economy.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys of importers by the relevant statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Russia's trade balances, domestic industry performance, and exposure to external economic conditions.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and potential discrepancies due to the complex nature of international trade flows.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Russia (XTIMVA01RUA664S), retrieved from FRED.