Number of Identified Exporters to Russia from Michigan
MIRUSA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
203.00
Year-over-Year Change
65.04%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Russia from Michigan' metric tracks the count of businesses located in Michigan that report exporting goods or services to Russia. This data offers insights into the economic ties between Michigan 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 measures the number of unique enterprises in Michigan that reported exporting to Russia in a given period. It provides an indicator of the level of commercial activity and trade relationships between Michigan-based companies and the Russian economy.
Methodology
The data is collected through surveys of businesses conducted by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this metric to monitor the impacts of trade policies and geopolitical events on Michigan's export sector.
Key Facts
- Michigan is a major exporting state, with over $50 billion in annual merchandise exports.
- Russia was Michigan's 24th largest export market in 2021, receiving $336 million in goods.
- The number of Michigan exporters to Russia has declined since 2014 due to economic sanctions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses located in Michigan that reported exporting goods or services to Russia in a given period.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the commercial ties between Michigan's economy and the Russian market, which is useful for policymakers and analysts monitoring the impacts of trade policies and geopolitical events.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the impacts of trade policies and geopolitical events on Michigan's export sector.
Q: Are there update delays or limitations?
A: The data may have a lag of several months between the reference period and the release date.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Russia from Michigan (MIRUSA475SCEN), retrieved from FRED.