Direction Of Trade Statistics Yearbook 2017

Download or read book Direction of Trade Statistics Yearbook, 2017 written by International Monetary Fund. Statistics Dept. and published by International Monetary Fund. This book was released on 2017-12-04 with total page 735 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses those countries that have never reported data by trade partners to the IMF or to the United Nations COMTRADE, estimates are obtained by using directly the corresponding bilateral flow reported by counterpart countries. For example, if country B has never reported trade statistics with a geographical breakdown, but country A has reported imports from country B, then A’s data for imports are used to estimate B’s exports. Because imports are valued on a cost, insurance, and freight (CIF) basis and exports on a free on board (FOB) basis, the data are adjusted for the cost of freight and insurance. A CIF/FOB factor of 1.06 is currently used. Reported imports CIF are divided by 1.06 (i.e., the CIF/FOB factor) to give partner country estimates of exports FOB. Similarly, reported exports FOB are multiplied by 1.06 to give partner country imports CIF.