Value of Exports to Russia from Rhode Island
RIRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,004,077.00
Year-over-Year Change
-31.94%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Russia from Rhode Island' economic trend measures the total value of goods and services exported from Rhode Island to Russia. This metric is closely watched by economists and policymakers to understand the trade relationships between U.S. states and foreign markets.
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 tracks the value of exports, including both goods and services, originating from the state of Rhode Island and destined for Russia. It provides insight into the economic ties and interdependencies between the Rhode Island economy and the Russian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies and other trade statistics.
Historical Context
Policymakers and analysts use this metric to evaluate the economic impact of trade policies, geopolitical events, and exchange rate fluctuations on Rhode Island's export-oriented businesses.
Key Facts
- Rhode Island exported $X.XX million worth of goods and services to Russia in the latest year.
- Exports to Russia account for Y% of Rhode Island's total international trade.
- The value of exports to Russia has declined by Z% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the state of Rhode Island to Russia. It provides insight into the trade relationship between Rhode Island's economy and the Russian market.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers to understand the economic ties and interdependencies between U.S. states and foreign markets. It can be used to evaluate the impact of trade policies, geopolitical events, and exchange rate fluctuations on export-oriented businesses in Rhode Island.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies and other trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the economic impact of trade policies, geopolitical events, and exchange rate fluctuations on Rhode Island's export-oriented businesses and the state's overall economic performance.
Q: Are there update delays or limitations?
A: There may be delays of several months in the publication of this data, and the information may not capture all cross-border trade activities due to limitations in data collection.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Rhode Island (RIRUSA052SCEN), retrieved from FRED.