Value of Exports to Russia from Utah
UTRUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18,836,475.00
Year-over-Year Change
74.28%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Russia from Utah' trend measures the total value of goods and services exported from Utah to Russia. This metric is important for understanding Utah's trade relationship with Russia and the state's broader economic ties to global 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 data series tracks the dollar value of all products and services shipped from Utah to recipients in Russia. It provides insight into the scale and composition of Utah's exports to this major trading partner, which can inform economic policy and business strategy.
Methodology
The data is collected through surveys of Utah-based exporters and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and industry analysts use this trend to monitor Utah's trade dynamics and competitiveness in the Russian market.
Key Facts
- Utah exported $XXX million in goods and services to Russia in the latest year.
- Exports to Russia account for X% of Utah's total international trade.
- Agriculture and manufacturing are Utah's top export categories to Russia.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Russia from Utah' tracks the total dollar value of all products and services shipped from businesses in Utah to recipients in Russia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Utah's trade relationship with Russia, which is an important economic and geopolitical partner. It informs analyses of the state's export performance and global competitiveness.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of Utah-based exporters and compiles the total value of shipments to Russia.
Q: How is this trend used in economic policy?
A: Policymakers and trade organizations use this data to monitor Utah's export dynamics, identify opportunities for growth, and develop strategies to support the state's businesses in the Russian market.
Q: Are there update delays or limitations?
A: This data is published with a lag of several months, and may not capture all shipments to Russia due to survey response rates or confidentiality restrictions.
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Citation
U.S. Federal Reserve, Value of Exports to Russia from Utah (UTRUSA052SCEN), retrieved from FRED.