International Trade: Imports: Value (Goods): Total for Russia
XTIMVA01RUQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.30
Year-over-Year Change
13.81%
Date Range
1/1/2003 - 7/1/2021
Summary
This economic trend measures the total value of goods imported into Russia, providing insight into the country's international trade activity 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
The International Trade: Imports: Value (Goods): Total for Russia metric tracks the dollar value of all physical goods imported into the Russian economy. This data point is used by economists and policymakers to analyze Russia's engagement in global trade and its implications for economic growth, inflation, and trade balances.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on official Russian government trade statistics.
Historical Context
This import value trend is a key indicator monitored by institutions and analysts assessing Russia's economic policies and market conditions.
Key Facts
- Russia is one of the world's largest importers of goods.
- Import values reflect Russia's reliance on foreign-made products.
- Trends in import values can signal shifts in domestic consumption and investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of all physical goods imported into the Russian economy from international sources.
Q: Why is this trend relevant for users or analysts?
A: Tracking Russia's import values provides insights into the country's participation in global trade, consumer demand, and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and calculated 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 monitor import values to assess Russia's trade balances, inflationary pressures, and the broader performance of the Russian economy.
Q: Are there update delays or limitations?
A: There may be lags in the reporting of Russian trade data that can affect the timeliness of this import value trend.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for Russia (XTIMVA01RUQ188S), retrieved from FRED.