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International Merchandise Trade Statistics. Course on Balance of Payments and International Investment Position Manual (BPM6) IMF-PFTAC Nadi November 22-December 1 , 2010. DM06. Discussion Outline. International Merchandise Trade Statistics: Reference Material Systems – PCTrade, ASYCUDA

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international merchandise trade statistics
International Merchandise Trade Statistics

Course on Balance of Payments and

International Investment Position Manual (BPM6)

IMF-PFTAC

Nadi

November 22-December 1, 2010

DM06

discussion outline
Discussion Outline
  • International Merchandise Trade Statistics: Reference Material
  • Systems – PCTrade, ASYCUDA
  • Challenges
    • Coverage
    • Exports vs. imports
  • Experiences, good and bad
reference material
Reference Material
  • International Merchandise Trade Statistics: Concepts and Definitions, 2010
    • Approved by UNSC Feb 2010
    • Replaces 1998 manual Studies in Methods , Series M, No.52, Rev.2
    • http://unstats.un.org/unsd/trade/EG-IMTS/IMTS%202010%20-%20as%20submitted%20to%20editor.pdf
  • International Merchandise Trade Statistics: Compilers Manual, 2004
    • Series:F, No. 87
    • http://unstats.un.org/unsd/publication/SeriesF/seriesf_87e.pdf
    • (There is also a supplement released Dec 2009, printed only)
  • Both are on the CD
imts 2010
IMTS 2010
  • Adopted by UNSC Feb 2010
  • Revision started by UNSC Feb 2008 due to:
    • Changes in the way international merchandise trade is conducted, e.g. increasing globalization, expansion of intra-firm trade, transactions with bundled goods and services components
    • Changes in user needs - more detailed and timely data for market access negotiations and trade policy purposes, market research, etc
    • Changes in the legal environment, e.g., Revised Kyoto Convention
    • Increasing use of non-customs data sources, e.g., members of a customs union
    • Changes in related statistical frameworks, e.g., SNA, BOP
    • Need for additional recommendations on data compilation strategies, quality and metadata, and dissemination
    • Need for further clarification of some existing concepts and improvement of the overall readability
imts 2010 2
IMTS 2010 (2)
  • Major conceptual difference – IMTS 2010 vs. BPM6
    • IMTS is based on the general principle to record all goods that add to or subtract from the stock of material resources of a country by entering (imports) or leaving (exports) its economic territory
    • BPM6 is based on the principle of change of ownership between residents and nonresidents
imts 2010 changed recommendations 3
IMTS 2010 Changed Recommendations (3)
  • Trade below customs and statistical thresholds: Estimate and include if economically significant
  • Change of ownership: Use as criteria for recording of certain goods only in exceptional cases when the general guideline is not applicable or not sufficient
  • Specific guidelines: Include certain categories of goods, include and separately identify (code)
  • Exclude but record separately: Exclude certain categories of goods but record them separately for use in balance of payments and national accounts and other purpose
  • Media, whether or not recorded: Include at its full transaction value, except for media used for carrying customized software or software written for a specific client or originals of any nature, which should be excluded
  • Goods for processing with or without change of ownership: Include at their full (gross) value
  • Goods for processing as well as goods resulting from such processing where no change of ownership takes place: Include and explicitly identify (preferably by special coding) in your trade statistics
imts 2010 changed recommendations 4
IMTS 2010 Changed Recommendations (4)
  • Goods which cross borders as a result of transactions between related parties: Include and separately identify (code)
  • Fish catch, minerals from the seabed and salvage; Bunkers, stores, ballast and dunnage: Include all transaction not only the ones taking place inside and but also the ones taking place outside the economic territory where economically or environmentally significant
  • Goods simply being transported through a country and Goods temporarily admitted or dispatched: Exclude
  • Reimports and re-exports: Include and identify (code) separately for analytical purposes
  • Customs procedure codes: Make information about the customs procedure applied to individual transactions part of the dataset for trade statistics
  • Statistical value: Record a statistical value for all goods covered in trade statistics, whether sold, exchanged or provided without payment
  • Statistical value of exported and imported goods: Use free on board (FOB-type) valuation for exports (border of the exporting county) and cost, insurance and freight (CIF-type) valuation for imports (border of the importing country); countries are encouraged to compile FOB-type value of imported goods as supplementary information
imts 2010 changed recommendations 5
IMTS 2010 Changed Recommendations (5)
  • Compilation of data on freight and insurance: Countries which compile only CIF-type values of imports are encouraged to compile separately data for freight and insurance, at the most detailed commodity and partner level possible
  • Country of consignment: Record the country of consignment as the second partner country attribution for imports alongside with country of origin; for exports the additional compilation of the country of consignment is encouraged
  • Calculation of trade balances: Use imports by country of origin and exports by country of last known destination
  • Compilation of mode of transport: Compile and disseminate international merchandise trade statistics by mode of transport at the most detailed commodity level (as a new data dimension)
  • Use of non customs records: Supplement customs based data with information obtained from other sources, as necessary, to ensure full coverage of international merchandise trade statistics. Use non-customs sources as substitutes for available customs records only if they provide a cost effective way to improve quality of trade statistics
  • Systematic approach to data quality: Follow a systematic approach to data quality and develop standards and related good practices covering the institutional arrangements, the statistical processes and outputs (the entire trade statistics program)
imts 2010 changed recommendations 6
IMTS 2010 Changed Recommendations (6)
  • Confidentiality rules: Use passive confidentiality as much as possible, unless the use of active confidentiality is already the established, desired and accepted practice (passive = only on request of trader and if justified by statistical authority’s confidentiality rules)
  • Data dissemination timetable: Announce in advance the precise dates at which the statistics will be released and revised
  • Linking business and trade statistics: Integrate the trade register with the business register and take steps towards an integrated system of economics statistics for data compilation and analysis
systems and processes
Systems and Processes
  • PCTrade vs. ASYCUDA vs. CMS?
  • NZ support for PCTrade
    • NZAid financing support provided by StatsNZ continuing past June 2011
  • CMS new system for Tonga (private company)
  • NZ Customs new system => Cook Islands
systems and processes 2
Systems and Processes (2)
  • Who captures ITS data?
    • Customs Office vs. NSO?
    • Pros and cons
      • Quality (accuracy, timeliness), control, resources
  • Does replacing the system fix the problems?
classifications
Classifications
  • HS07 – for collection of trade data
  • For analysis of data:
    • BEC, SITC, CPC
    • ISIC for industry of origin
  • Concordances linking classifications
msits 2010
MSITS 2010
  • MANUAL ON STATISTICS OF INTERNATIONAL TRADE IN SERVICES 2010
  • Draft presented to UNSC Feb 2010
  • Some further explanation of services for BOP and links to other statistical frameworks