Exports of goods and services

Exports of goods and services

 

 

Exports of goods and services

 

Meaning of Exports of goods and services

All the goods and services supplied by residents to non-residents, either free of charge or in return for payment. With the application of the European System of National and Regional Accounts 2010 (SEC 2010), consistent with the Balance of Payments Manual (6th edition) BPM6, the definition of foreign trade in national accounts is now based on the concept of property. For example goods sent abroad for custom work are no longer counted in exports of goods and processed goods is not counted as an import of goods. However an import of industrial service by the country of the payer of an amount equal to the difference between the value of the finished product and the inputs is recognized. The total foreign trade balance is not changed.

 

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Exports of goods and services

 

Exports of goods and services

 

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Exports of goods and services

 

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Exports of goods and services