International Merchandise Trade Statistics: Trade Balance: Commodities for Russia
XTNTVA01RUQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,292,120,000,000.00
Year-over-Year Change
-65.61%
Date Range
7/1/1992 - 4/1/2025
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for Russia tracks Russia's trade surplus or deficit in goods. This metric provides insight into Russia's international economic position and 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 measures the difference between the total value of Russia's commodity exports and imports. It is a key indicator of Russia's trade performance, competitiveness, and economic interdependence with global markets.
Methodology
The data is collected by national statistical agencies and compiled by international organizations.
Historical Context
Policymakers and analysts use this trade balance metric to assess Russia's economic conditions and external sector stability.
Key Facts
- Russia has maintained a trade surplus since the early 2000s.
- Energy exports make up a large share of Russia's total merchandise exports.
- The trade balance is influenced by global commodity prices and domestic economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the difference between the total value of Russia's commodity exports and imports, providing insight into its trade surplus or deficit.
Q: Why is this trend relevant for users or analysts?
A: The Russia trade balance is a key indicator of the country's economic performance, competitiveness, and integration with global markets, making it relevant for policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by national statistical agencies and compiled by international organizations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trade balance metric to assess Russia's economic conditions and external sector stability, informing policy decisions.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and limitations due to the complexities of international trade reporting.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Russia (XTNTVA01RUQ664S), retrieved from FRED.