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Meaning / Definition of

International Trade Statistics (ITS)

Categories: Economics,

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.

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