International Merchandise Trade Statistics: Trade Balance: Commodities for Russia
XTNTVA01RUA667N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133,356,000,000.00
Year-over-Year Change
-30.42%
Date Range
1/1/1991 - 1/1/2024
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for Russia measures Russia's trade surplus or deficit in goods. This key indicator provides insight into Russia's international economic relationships and competitiveness.
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 data series tracks the net balance of Russian exports and imports of physical goods, excluding services. It is a core economic metric used by policymakers, analysts, and businesses to assess Russia's trade position and the strength of its industrial and export sectors.
Methodology
The data is collected and published by the United Nations Statistics Division based on official national trade statistics.
Historical Context
The trade balance is an important input for understanding Russia's overall economic performance and integration with global markets.
Key Facts
- Russia has maintained a trade surplus since the 1990s.
- Energy exports are a major driver of Russia's trade surplus.
- The trade balance is a key indicator of Russia's economic strength.
FAQs
Q: What does this economic trend measure?
A: This data series measures the net balance of Russia's exports and imports of physical goods, excluding services. It tracks Russia's trade surplus or deficit in commodities.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a core economic indicator that provides insight into Russia's international economic relationships, industrial competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and published by the United Nations Statistics Division based on official national trade statistics provided by the Russian government.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the trade balance to assess Russia's trade position, the strength of its export sectors, and its integration with global markets.
Q: Are there update delays or limitations?
A: There may be lags in data reporting and publication, but the United Nations provides the most comprehensive and up-to-date source of Russia's official trade statistics.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Russia (XTNTVA01RUA667N), retrieved from FRED.