Number of Identified Exporters to Russia from Idaho
IDRUSA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.00
Year-over-Year Change
35.29%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Russia from Idaho' trend measures the count of companies located in Idaho that export goods to Russia. This data provides insight into the commercial relationship between Idaho and the Russian market.
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 number of distinct business entities based in Idaho that export products or services to Russia. It offers an indicator of the scale and dynamics of trade flows between Idaho and the Russian economy.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys.
Historical Context
Policymakers and analysts use this metric to assess the exposure of Idaho's economy to Russian trade and monitor changes in commercial ties.
Key Facts
- Idaho exported over $50 million in goods to Russia in 2019.
- The number of identified Idaho exporters to Russia peaked in 2014 at 167 companies.
- Export volumes to Russia have declined since 2014 due to economic sanctions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of distinct business entities located in the state of Idaho that export goods or services to the Russian market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial relationship between Idaho and Russia, which is relevant for policymakers, trade analysts, and businesses evaluating market opportunities.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Idaho's economic exposure to Russian trade and monitor changes in commercial ties that may be influenced by geopolitical factors.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the series only captures identified exporters, which may undercount some smaller or informal trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Russia from Idaho (IDRUSA475SCEN), retrieved from FRED.