Term:
International trade statistics (ITS)
Definition:
International Trade Statistics (or ITS) is one of the Data Sources to compile BOP Statistics. ITS measure the quantities and values of goods that add to or subtract from a nation's stock of goods as a result of movement into or out of a country. These data are compiled from forms submitted (by exporters, importers, or their agents) to custom officials or directly to the ITS compiler.
Domain:
International Trade
Source:
OECD glossary