Real Exports of Services for Russia
Annual
NXSRXDCRUA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,335,240.10
Year-over-Year Change
1986.57%
Date Range
1/1/1990 - 1/1/2021
Summary
The Annual trend measures the value of U.S. exports of automotive parts and accessories on an annualized basis. This metric is closely watched by economists and policymakers as an indicator of international trade dynamics and U.S. manufacturing health.
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 Annual trend provides a high-level view of long-term trends in U.S. automotive parts and accessories exports. It is used to analyze the performance and competitiveness of the U.S. manufacturing sector in the global marketplace.
Methodology
The data is collected through customs declarations and surveys of exporting companies.
Historical Context
Policymakers monitor this trend to assess the impact of trade policies, tariffs, and other factors on U.S. exports.
Key Facts
- U.S. automotive parts exports were valued at over $90 billion in 2021.
- Exports have grown by an average of 4% per year over the past decade.
- Canada and Mexico are the top destinations for U.S. automotive parts exports.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the value of U.S. exports of automotive parts and accessories on an annual basis.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of the health and competitiveness of the U.S. manufacturing sector in the global marketplace.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to assess the impact of trade policies, tariffs, and other factors on U.S. exports.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a short lag, providing timely information for analysts and policymakers.
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Citation
U.S. Federal Reserve, Annual (NXSRXDCRUA), retrieved from FRED.