Number of Identified Exporters to Russia from North Dakota
NDRUSA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.00
Year-over-Year Change
66.67%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to Russia from the U.S. state of North Dakota. It provides insights into the trade relationship between North Dakota and Russia.
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
The Number of Identified Exporters to Russia from North Dakota series tracks the count of businesses located in North Dakota that have reported exporting goods or services to Russia. This metric is used by policymakers and analysts to understand the economic ties between the state and the Russian market.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys.
Historical Context
This trend is relevant for understanding North Dakota's export activity and Russia's role as a trading partner.
Key Facts
- North Dakota is a major agricultural exporter to Russia.
- The number of identified exporters peaked in 2013 at 72.
- Trade with Russia accounts for a small but significant portion of North Dakota's total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in North Dakota that have reported exporting goods or services to Russia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the economic relationship between North Dakota and the Russian market, which is important for policymakers and analysts to understand.
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: This trend is used by policymakers to assess North Dakota's export activity and Russia's role as a trading partner for the state's economy.
Q: Are there update delays or limitations?
A: The data may be subject to delays in reporting and can be limited by the accuracy of business survey responses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Russia from North Dakota (NDRUSA475SCEN), retrieved from FRED.