Nominal Imports of Goods and Services for Russia
NMNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,811,000.60
Year-over-Year Change
5.75%
Date Range
7/1/1993 - 1/1/2025
Summary
The Nominal Imports of Goods and Services for Russia measures the total value of imported goods and services into the Russian economy. This metric is a key indicator of Russia's international trade and economic integration.
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 Nominal Imports of Goods and Services for Russia tracks the monetary value of all physical goods and intangible services imported into the country. It is an important macroeconomic indicator used by analysts and policymakers to assess Russia's trade balance, exchange rate dynamics, and broader economic performance.
Methodology
This data is collected and reported by the Russian Federal State Statistics Service.
Historical Context
Policymakers and investors monitor Russia's import activity to gauge domestic demand, international competitiveness, and the overall health of the Russian economy.
Key Facts
- Russia is the 13th largest importer globally.
- Imports account for around 20% of Russia's GDP.
- Top imported goods include machinery, vehicles, and pharmaceuticals.
FAQs
Q: What does this economic trend measure?
A: The Nominal Imports of Goods and Services for Russia measures the total monetary value of all goods and services imported into the Russian economy.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of Russia's international trade dynamics, domestic demand, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Russian Federal State Statistics Service.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor Russia's import activity to assess the country's trade balance, international competitiveness, and broader macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Russian statistical agency, but may be subject to revisions or delays in reporting.
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Financial Account (Excludes Exceptional Financing and Use of Fund Resources), Net for Russian Federation
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National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Russia
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Total Reserves excluding Gold for Russian Federation
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Citation
U.S. Federal Reserve, Nominal Imports of Goods and Services for Russia (NMNSAXDCRUQ), retrieved from FRED.