Value of Exports to Russia from Georgia
GARUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99,164,667.00
Year-over-Year Change
72.58%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from Georgia' trend measures the total value of goods and services exported from the U.S. state of Georgia to Russia. This provides insight into the economic and trade relationship between these regions.
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 economic series tracks the dollar value of all merchandise exported from Georgia to Russia over time. It is an important indicator of the strength of the trade connection and can signal changes in commercial activity, supply chains, and market access between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through customs records and surveys of exporting firms.
Historical Context
Policymakers and analysts use this trend to assess the impact of trade policies, sanctions, and geopolitical events on state-level export patterns.
Key Facts
- Georgia exported over $130 million in goods to Russia in 2021.
- Exports to Russia account for around 3% of Georgia's total international trade.
- The top Georgian exports to Russia include poultry, vehicles, and machinery.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Russia from Georgia' tracks the total dollar value of merchandise and services exported from the U.S. state of Georgia to Russia over time.
Q: Why is this trend relevant for users or analysts?
A: This series provides insight into the trade relationship and commercial ties between Georgia and Russia, which is important for understanding regional economic dynamics and the impacts of trade policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau using customs records and surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the effects of trade agreements, sanctions, and geopolitical events on state-level export patterns and market access.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the release of this trade data. The series may not capture all informal or unrecorded export activity.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Georgia (GARUSA052SCEN), retrieved from FRED.