Nominal Exports of Goods for Russia
NXGXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40,143,333.00
Year-over-Year Change
235.22%
Date Range
1/1/1990 - 1/1/2022
Summary
The 'Nominal Exports of Goods for Russia' metric measures the total value of goods exported from Russia. It is a key indicator of Russia's international trade and economic performance.
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 represents the nominal value of goods exported from Russia, including a wide range of products like energy, metals, agricultural goods, and manufactured items. It is a widely followed metric for analyzing Russia's external trade position and competitiveness.
Methodology
The data is collected and published by the U.S. Federal Reserve based on official Russian government trade statistics.
Historical Context
Policymakers and analysts use this export data to assess Russia's economic health and geopolitical influence.
Key Facts
- Russia is one of the world's largest exporters of energy and raw materials.
- Exports account for over 25% of Russia's GDP.
- Fluctuations in export earnings can significantly impact the Russian economy.
FAQs
Q: What does this economic trend measure?
A: The 'Nominal Exports of Goods for Russia' metric measures the total value of goods exported from Russia, including energy, metals, agriculture, and manufactured products.
Q: Why is this trend relevant for users or analysts?
A: This export data is a key indicator of Russia's international trade performance and economic health, making it highly relevant for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve based on official Russian government trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this export data to assess Russia's economic strength, trade position, and geopolitical influence.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and any limitations of the underlying Russian government trade statistics.
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Citation
U.S. Federal Reserve, Nominal Exports of Goods for Russia (NXGXDCRUA), retrieved from FRED.