Trade Services

The OECD defines International Trade as:

The two main data items used in the concept of international trade are imports and exports.

Imports of goods measures the value of goods that enter the domestic territory of a country irrespective of their final destination. They are valued on a free-on-board basis.

Exports of goods similarly measures the value of goods which leave the domestic territory of a country, irrespective of whether they have been processed in the domestic territory or not. They are valued on a cost-including-freight basis.

Imports (and exports) of services reflect the value of services provided to residents of other countries (or received by residents of the domestic territory).