Goods trade in balance of payment terms
Goods trade in balance of payments terms includes goods whose ownership changes between a domestic and foreign unit, and which are not parts of a service. Usual merchandise is recorded at market value according to the FOB principle. Exports are recorded in the statistics by the country of destination, imports from the EU area by the country of consignment and imports from outside the EU by the country of origin.
Statistics using the definition
Validity of the definition
- Valid until (31 December 2078)