International Merchandise Trade Statistics: Trade Balance: Commodities for Russia
XTNTVA01RUQ667N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,202,000,000.00
Year-over-Year Change
-71.39%
Date Range
1/1/1991 - 4/1/2025
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for Russia measures Russia's trade surplus or deficit in total commodity trade. This metric is a key indicator of Russia's economic performance and global trade position.
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 captures Russia's overall balance of trade in physical goods, excluding services. It is a widely followed economic indicator that provides insight into Russia's international competitiveness, domestic production, and foreign demand for Russian exports.
Methodology
The data is collected by Russia's Federal Customs Service and reported through international statistical agencies.
Historical Context
Policymakers and analysts use this trade balance metric to assess Russia's macroeconomic health and trade relationships.
Key Facts
- Russia has run a consistent trade surplus since the early 2000s.
- Energy exports are a major driver of Russia's trade surplus.
- The trade balance is a key input for Russia's current account and GDP calculations.
FAQs
Q: What does this economic trend measure?
A: This trend measures Russia's overall trade balance in physical goods, capturing the difference between the value of its exports and imports of commodities.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a critical indicator of Russia's international competitiveness, domestic production capacity, and foreign demand for its exports.
Q: How is this data collected or calculated?
A: The data is collected by Russia's Federal Customs Service and reported through international statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trade balance metric to assess Russia's macroeconomic health and trade relationships.
Q: Are there update delays or limitations?
A: There may be some reporting lags, but the trade balance data is generally available on a timely basis.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Russia (XTNTVA01RUQ667N), retrieved from FRED.