Trade

The Trade Section is responsible for the compilation, generation and dissemination of Merchandise Trade Statistics, which is obtained from the Customs Department database of the daily import and export transactions of the various traders. Prior to 2003,  Foreign Trade Statistics were compiled from the download of monthly transactions submitted to the Customs Department by the various Importers and Exporters from the Customs website.  To date, these statistics are being compiled from the download of the monthly transactions of these Importers and Exporters from the Customs website. The data downloaded is then uploaded into the trade database via a special statistical programme (Eurotrace) which is used for edit checks and for making corrections to the raw data. 
After processing, the data is now ready to be generated into reports and tabulations of External Trade Statistics which can be disseminated by the user. Also available is historical data on Trade Statistiics.
 
 

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EXPLANATORY NOTES AND DEFINITIONS

SOURCE: The Statistics published on the Internet are primarily obtained from the Customs Warrants submitted to the Customs and Excise Department on the Importation and Exportation of Goods. These Warrants are coded and batched in the Trade Section of the Statistics Department before being processed by the same Department. This report is then prepared from the computer print-out.

PERIOD COVERED: These tables covers all documents relating to Trade brought into account during the Calendar Year stated in the tables.

TRADE CLASSIFICATION: The classification of goods is based on the Standard International Trade Classification (S.I.T.C.) Revised 3 issued by the United Nations Economic and Social Council. This system of classification has been in operation from April 1991 and replaces the Second Revision which came into effect in January 1981.

SYSTEM OF TRADE: The "Special Trade" system is the one used in this report, i.e.;

(a) Imports represent the total of all imports cleared by the Customs for the local economy, and excludes all imports remaining under the control of the Customs Authority in Bonded Warehouses.

(b) Exports represent the total of all Domestic Produce and Re-exports i.e. (goods brought into the country for temporary use, with the intention to be returned or exported back to the country of origin.) of imported goods which have been previously cleared from Customs control for the local economy. Imported goods which are re-exported directly from bonded warehouses are excluded.

VALUATION: All values are shown in Eastern Caribbean Dollars (EC$). Imports are valued C.I.F., i.e. the value, insurance, freight and incidental charges up to the time of delivery at the port.

Exports are valued F.O.B., i.e. the value includes charges up to the time of delivery on board the exporting vessel or aircraft.

COUNTRIES AND AREAS: Imports are ascribed to the Country of Origin or Country whence consigned when the origin is also established. The Country of Origin is also defined as the country in which any final operation altered to any appreciable extent the character, composition and value of partly manufactured goods imported into the country.

Exports are ascribed to the Country of Final Destination or Country of Consignment which may or may not be the Country where the goods are eventually consumed.

The Countries and Currency areas set out in these tables are as given in a draft Countries list prepared by the United Nations Statistical Office.

ROUNDING OF FIGURES: The figures shown in most of the Tables are rounded off to the nearest first figure after the decimal point. Addition of these rounded off figures may not always agree exactly with the rounded off figures shown in the tables.

EXCLUSIONS: The following are excluded from the External Trade Report Figures:-

(a) Ships/Aircraft Stores/Bunkers supplied to locally Registered Craft.

(b) Individual transactions below a value of $4.50.

(c) Gold coin and Bullion, issued Coinage and issued Bank Notes.

(d) Goods on loan as samples for Exhibitions or Study.

(e) Personal Effects.

TOTAL EXPORTS: Total Exports is the sum of Domestic Exports and Re-exports.

 
 
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