International Merchandise Trade Statistics: Imports: Commodities for Russia
XTIMVA01RUA667N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
299,731,000,000.00
Year-over-Year Change
-10.73%
Date Range
1/1/1991 - 1/1/2024
Summary
The International Merchandise Trade Statistics: Imports: Commodities for Russia measures the value of Russia's imports of various goods and products. This metric is crucial for understanding Russia's trade balance 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
This series tracks the monetary value of commodities imported into Russia, including raw materials, manufactured goods, and other products. Analyzing this data provides insights into Russia's consumer demand, production needs, and integration with the global economy.
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 relationships, industrial output, and macroeconomic performance.
Key Facts
- Russia is one of the world's largest importers of goods and services.
- Machinery and equipment make up a significant portion of Russia's imports.
- Import trends can signal shifts in domestic production and consumer demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monetary value of commodities imported into Russia, including raw materials, manufactured goods, and other products.
Q: Why is this trend relevant for users or analysts?
A: Analyzing Russia's import data provides insights into the country's trade relationships, industrial output, and overall economic activity.
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, production needs, and macroeconomic performance.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in reporting, depending on the reliability of customs declarations and survey responses.
Related Trends
Balance of Payments: Goods: Expenditure for Russia
RUSB6DBTD01CXCUSAQ
Volatility of Stock Price Index for Russian Federation
DDSM01RUA066NWDB
Value of Exports to Russia from Michigan
MIRUSA052SCEN
General government gross debt for Russia
GGGDTARUA188N
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Water Supply and Miscellaneous Services Relating to the Dwelling: Total for Russia
RUSCP040400GPM
Real General Government Final Consumption Expenditure, Individual for Russia
NCGGIRXDCRUA
Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Russia (XTIMVA01RUA667N), retrieved from FRED.