Imports and exports (International trade statistics)
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In the Danish External Trade in Goods Statistics the most detailed statistics published are classified according to the Combined Nomenclature.
The Combined Nomenclature consists of around 9, commodity codes. The SITC Revision 4 has been used in the Danish external trade statistics since 1 January and consists of 2, 5-digit commodity items, which can be aggregated to 1, 4-digits, 3-digits, 66 2-digits, and 10 1-digit commodity items. Statistics on periods before are disseminated using older revisions of the SITC classification. Danish statistics are disseminated according to a modified version of the BEC classification.
The KONJ classification is a Danish classification where exports are classified by industrial origin comprising 8 categories of exports by industrial origineach covering a number of commodity groups and defined largely based on the SITC.
The distribution by partner countries is done according to the Geonomenclature of Eurostat which classified more than different countries and territories. The quantity of the imported and exported commodities is measured in terms of a basic unit and in some cases a supplementary unit e.
The basic unit for the great majority of commodities is the net weight excluding package stated in kg. For each commodity transaction imports or exportsthe following items of information are collected:. The statistics are published at the most detailed level as totals of statistical value imports in terms of cif-values and exports in terms of fob-valuesnet weight and any supplementary unit for similar occurrences of commodity code and partner country.
Goods excluded from the statistics: Some goods and movements of goods are excluded from the statistics, e. Indices in External Trade in Goods: For the purposes of conducting further analyses of external trade, indices of value, unit value and quantity and terms of trade are also published. The unit index reflects the change in the value of goods imported and exported, which is mainly due to price changes changes in the unit values.
The quantity index shows the change in the value of goods imported and exports, which is due to quantity changes. The terms of trade are measured as the ratio between the unit value index for respectively, exports and imports. The primary data on which the statistics are compiled are collected from the Intrastat and Extrastat systems. The threshold for reporting data is separately fixed annually for imports and exports for the purpose of ensuring coverage of 93 pct.
Furthermore, a small transaction threshold is applied in Intrastat. If the total sum of homogenenous transactions within a calendar month has a value of not more than DKK 1, and a weight of not more than 1, kg, these goods can be reported as whole under a special commodity item other goods.
A statistical threshold, which can be compared to the transaction threshold in Intrastat, is applied. If the value of a transaction is not over DKK 7, and the weight is not over 1, kg, these goods can be recorded under a special commodity item other goods. All transactions related to imports must be stated, whereas it is possible to state orally transactions related to exports under the statistical threshold.
This oral reporting is not recorded, but the amount of trade is insignificant. The country distribution is conducted in accordance with Eurostat's Geo-nomenclature classifying about different countries and territories. In Extrastat, information on country of origin country of manufacture is collected and for imports information on country of dispatch and for exports information on country of destination is collected. In most situations, it is information on country of origin that is applied in Extrastat.
In Intrastat, only information on country of dispatch for imports and country of destination for exports is collected. Specific goods and movements: A range of goods and movements of goods differ from the general external trade and in such cases the statistics are compiled according to other principles, e.
Natural gas is compiled using a combination of reported trade and meter measures. The value of the external trade is published as the so-called statistical value. For imports this value is called the cif-value cost, insurance and freighti. For exports the statistical value is equal to the fob-value free on boardi. External trade can be compiled according to two different principles: General trade comprises all goods being moved into or out of the country, unless exceptions have been laid down in special rules see below.
Thus, imports cover all goods entering the country, including goods intended for re-export or goods that are, in actual fact, re-exported.
Similarly, exports cover all goods leaving the country, whether processed in the country or have previously been imported re-export. External trade according to the special trade system excludes transactions between other countries and Danish customs bonded warehouses.
Goods imported to a bonded warehouse are thus excluded from external trade based on the special trade principle and are only included when the goods are declared by the customs to Denmark. Goods in transit, i. In connection with a revision of the external trade data indata from and onwards were revised according to the general trade system. However, the statistical office of the EU, Eurostat, publishes external trade statistics for the member states using the special trade system.
Consequently, there are nominal differences between Statistics Denmark's and Eurostat's figures for Danish external trade in goods. The statistical unit is commodities and commodities groups and partner country and country groups. In Trade by enterprise characteristics the legal enterprise unit is also used for identifying and defining the enterprises.
The statistical population consists of the enterprises which have external trade in goods and which report to either Intrastat or Extrastat For trade with EU countries, Intrastat, the population is defined as enterprises which have trade of a value which exceed an exemption threshold. For trade with non-EU countries, Extrastat, all traders are covered by the statistics. In trade with EU countries, Intrastat, a statistical threshold is applied, based on the value of annual imports and exports to other EU Member States.
The threshold is set by Statistics Denmark in compliance with the requirements of coverage stated in the EU legislation on Intrastat, and the limits are determined annually.
Enterprises whose annual EU trade is below these limits are exempted from reporting detailed data under the Intrastat system. The Intrastat thresholds are set at levels where the enterprises reporting to Intrastat amount to minimum 93 per cent of the total value of EU imports and minimum 97 per cent of EU exports. The Intrastat report obligation of the individual enterprises is based on their Intrastat reporting in previous year or on the amount of EU trade stated at their VAT statements.
At the VAT statements the enterprises have to state the value of purchases of goods from other EU countries box A and the value of sales of goods to other EU countries box B. In trade with non-EU countries, Extrastat, there is no actual statistical population, as all transactions in principle are collected through the customs declarations submitted to the Danish Customs Authorities.
The statistics cover the period from and onwards. The units of measure in the statistics are value in Danish crowns DKKnet weight in kilograms and for many commodity codes also a supplementary unit e. Act on Statistics Denmark Consolidated act No. For Intrastat the response burden is estimated as DKK In contrast, as an administrative source Extrastat does not impose any additional response burden on enterprises.
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