Nominal Exports of Goods and Services for Russia
NXNSAXDCRUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,862,220.50
Year-over-Year Change
-30.92%
Date Range
7/1/1993 - 1/1/2025
Summary
This economic indicator measures the total nominal value of goods and services exported from Russia, providing insight into the country's trade balance and international economic activity.
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 Exports of Goods and Services for Russia tracks the dollar value of all exported products and services from the Russian economy. It is a key macroeconomic indicator used to assess Russia's trade position and international competitiveness.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using official Russian government sources.
Historical Context
Policymakers and analysts monitor this trend to gauge Russia's external economic performance and trade relationships.
Key Facts
- Russia is one of the world's largest exporters of crude oil and natural gas.
- Exports account for over 25% of Russia's total GDP.
- Russia's top export partners are China, Netherlands, and Germany.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total nominal dollar value of all goods and services exported from the Russian economy.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Russia's export activity provides insight into its trade balance, international competitiveness, and broader macroeconomic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using official Russian government sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Russia's external economic position and inform decisions around trade, investment, and international relations.
Q: Are there update delays or limitations?
A: There may be lags of several months in the availability of the most recent data due to the time required for collection and publication.
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Citation
U.S. Federal Reserve, Nominal Exports of Goods and Services for Russia (NXNSAXDCRUQ), retrieved from FRED.